Termaat Tori 4

What Happened
Tori Termaat, Chief Human Resources Officer at Harley-Davidson (HOG), had restricted stock units (RSUs) convert to common shares on Feb 5, 6 and 9, 2026. A total of 5,732 shares were acquired via conversion (1,515 on 2/5; 3,143 on 2/6; 1,074 on 2/9) at a $0.00 exercise price (typical for RSU vesting). To satisfy tax withholding obligations, 2,999 shares were disposed (withheld) as payment: 793 shares at $20.51 ($16,264), 1,644 shares at $20.01 ($32,896) and 562 shares at $20.49 ($11,515), totaling $60,675. Net shares added from these transactions = 2,733 shares.

Key Details

• Transaction types: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay tax liability.
• Dates & prices: 2/5/2026 (1,515 acquired; 793 withheld at $20.51), 2/6/2026 (3,143 acquired; 1,644 withheld at $20.01), 2/9/2026 (1,074 acquired; 562 withheld at $20.49).
• Total acquired: 5,732 shares; total withheld/disposed: 2,999 shares; net increase = 2,733 shares.
• Cash value of withheld shares (tax payment): $60,675.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: F1 notes 401(k) plan balance information; F2 explains each restricted stock unit vests in thirds over three years and is forfeitable until vested.
• Filing: Report filed 2026-02-09 and covers actions on Feb 5–9, 2026 (no late-filing flag shown in the provided data).

Context
These entries reflect routine RSU vesting and tax-withholding (shares withheld/retained to cover tax liabilities), not an open-market sale for diversification. Exercise price reported as $0.00 indicates conversion of RSUs rather than option purchases. Such withholding is common and does not necessarily indicate a change in the insider’s view of the company.