HOG Director Maryrose Exercises/Converts 6,015 Derivative Shares

What Happened

Maryrose, a director of Harley‑Davidson, reported the exercise/conversion of a derivative on May 14, 2026. The Form 4 shows 6,015 shares acquired at $0.00 (code M) and the same 6,015 shares disposed at $0.00 (reported as a derivative disposition). The filing lists $0 per share and $0 total proceeds/value for both the acquisition and the disposition.

Key Details

• Transaction date: 2026-05-14 (reported on Form 4 filed 2026-05-18) — filing appears timely under the two-business-day rule.
• Transaction code: M = exercise or conversion of a derivative instrument.
• Shares acquired: 6,015 at $0.00; shares disposed: 6,015 at $0.00 (disposition reported as derivative).
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes from the filing:
  • F1: Grants under the Harley‑Davidson Director Stock Plan (as amended).
  • F2: 1‑for‑1 ratio.
  • F3: Includes shares acquired via automatic dividend reinvestment.
  • F4: Each Stock Unit equals one share; shares are payable one year after grant or earlier upon termination.

Context

Code M indicates an exercise or conversion of an option or stock unit. When acquisition and disposition are reported for the same share count at $0.00, it often reflects conversion/settlement mechanics (for example, conversion of stock units or internal transfers) rather than a cash purchase or open‑market sale. This is routine director equity administration rather than a clear bullish or bearish personal purchase/sale signal.