v3.26.1
Master Trust
 12 Months Ended
Dec. 31, 2025
EBP Total  
EBP, Master Trust [Line Items]  
Master Trust Master Trust
The purpose of the Master Trust is the collective investment of assets of the participating Plans. Each participating Plan’s interest in the Master Trust is based on account balances of the participants and their elected investment options. The Master Trust assets are allocated among the participating Plans by assigning to each Plan those transactions (primarily contributions, benefit payments, and plan-specific expenses) that can be specifically identified and by allocating among all Plans, in proportion to the fair value of the assets assigned to each Plan, income, losses, and expenses resulting from the collective investment of the assets of the Master Trust.
Investment income, losses, and administrative expenses related to the Master Trust are allocated to the individual participating Plans daily based on each participant’s account balance within each investment fund option.

A summary of the Master Trust’s net assets and the Plans’ interest in the Master Trust balances as of December 31, 2025 and 2024, was as follows:
2025
Harley-Davidson
SSP
(Plan No. 002)		Harley-Davidson
WHSP
(Plan No. 005)		Harley-Davidson
YSP
(Plan No. 008)		Total Master Trust Balances
Investments at fair value:
Common collective trust funds$825,459,464 $139,835,960 $82,427,774 $1,047,723,198 
Mutual funds90,871,352 10,935,303 5,698,241 107,504,896 
Brokerage accounts63,077,419 21,562,043 5,749,201 90,388,663 
Money market fund36,120,482 13,700,681 4,879,850 54,701,013 
Harley-Davidson, Inc. Common Stock Fund20,010,258 4,057,651 2,634,274 26,702,183 
Investment in Harley-Davidson Retirement Savings Master Trust$1,035,538,975 $190,091,638 $101,389,340 $1,327,019,953 
2024
Harley-Davidson
SSP
(Plan No. 002)		Harley-Davidson
WHSP
(Plan No. 005)		Harley-Davidson
YSP
(Plan No. 008)		Total Master Trust Balances
Investments at fair value:
Common collective trust funds$736,308,918 $129,415,376 $75,568,423 $941,292,717 
Mutual funds91,985,417 11,921,899 6,162,095 110,069,411 
Brokerage accounts56,367,323 18,126,246 4,906,899 79,400,468 
Money market fund35,984,488 14,806,636 5,156,921 55,948,045 
Harley-Davidson, Inc. Common Stock Fund31,135,147 6,809,717 4,258,238 42,203,102 
Investment in Harley-Davidson Retirement Savings Master Trust$951,781,293 $181,079,874 $96,052,576 $1,228,913,743 

Investment income and losses have been allocated among the Plans based on the respective participants’ interest, adjusted for other income and losses. Investment income generated by the investments of the Master Trust for the years ended December 31, 2025 and 2024, was as follows:
20252024
Interest and dividend income$13,761,195 $10,629,836 
Net appreciation in fair value of investments
166,774,621 159,443,379 
Investment income of the Master Trust
180,535,816 170,073,215 
The net assets of the Harley-Davidson, Inc. Common Stock Fund consisted of the following as of December 31, 2025 and 2024:
20252024
Harley-Davidson, Inc. common stock$26,379,359 $41,686,813 
Money market fund301,114 496,200 
Other receivable
21,710 20,089 
Net assets of the Harley-Davidson, Inc. Common Stock Fund$26,702,183 $42,203,102