secwatch.observer — SEC 8-K summary
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Issuer:     HARLEY-DAVIDSON, INC. (HOG)
CIK:        0000793952
Form:       8-K
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0000793952-21-000066
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Harley-Davidson CEO Jochen Zeitz gets new pay package; base salary reduced to $1.9M
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- Base salary reduced by $600K to $1.9M; target annual bonus of $2.4M; effective Jan 1, 2022.
- WIN stock options granted for 500,000 shares; vest only if 10-day avg closing price reaches $45-$65 by Dec 31, 2026.
- RSU award with target value of $6.0M; 50% vest at 1yr, remainder ratably over next 12 months.
- Options require CEO service through Dec 31, 2023 for any vesting; full vesting only if stays through Dec 31, 2024.
- Board cites shareholder feedback for shift to variable pay; long-term incentive expected at least $6M annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793952/000079395221000066/0000793952-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793952/000079395221000066/hog-20211203.htm
  HTML page:      https://secwatch.observer/filing/0000793952-21-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer