Flees Lori Ann 4

What Happened

• Lori Flees, a director of Harley‑Davidson, was granted 8,621 stock units (a derivative award) on May 21, 2026. The units were recorded at $0 purchase price on the Form 4 (this is a grant of share units rather than an open‑market purchase or sale).

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed 5 days after the grant).
• Award: 8,621 stock units (derivative), $0 acquisition price.
• Plan: Granted pursuant to the Harley‑Davidson, Inc. Director Stock Plan, as amended.
• Vesting/payment specifics (per filing footnotes):
  • 1-for-1 stock units (each Stock Unit = one share).
  • 6,250 of the units are payable on the one‑year anniversary of the grant date or upon earlier termination of service.
  • Remaining units are payable in issuer common stock over up to 5 years following termination of service (with limited circumstances where cash payment may occur).
• Shares owned after the transaction are not disclosed in the provided excerpt.
• Filing timeliness: The Form 4 was filed five days after the transaction date, which is later than the typical 2‑business‑day reporting requirement.

Context

• This is a director compensation grant (routine equity award under the company’s Director Stock Plan). It represents deferred compensation in the form of stock units rather than an immediate market purchase or sale.
• Such grants are common for non‑employee directors and do not, by themselves, indicate buying or selling of stock in the open market.