Power Integrations Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Key Terms

rsus financial

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

psus financial

PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.

nasdaq rule 5635(c)(4) regulatory

NASDAQ Rule 5635(c)(4) is a listing standard that requires a company to obtain shareholder approval before issuing a substantial number of new shares or convertible securities in certain financing or insider-related transactions that would materially dilute existing holders. It matters to investors because the vote gives shareholders a check on deals that could significantly change ownership stakes or voting power—like a homeowners’ association approving a major renovation that affects the whole neighborhood’s value.

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SAN JOSÉ, Calif.--(BUSINESS WIRE)-- Power Integrations (Nasdaq: POWI) today announced that on July 15, 2026 (the Grant Date), it granted a total of 12,017 RSUs and 1,213 PSUs at target to five employees who began their employment with Power Integrations in June 2026.

The inducement grants were issued pursuant to Power Integrations’ Amended and Restated 2025 Inducement Award Plan. One-fourth (1/4^th) of the RSUs will vest on each of the first four anniversaries of the Grant Date, subject to the recipient’s continued service through each applicable vesting date. The PSUs will vest based upon achievement of the Company’s performance metrics for 2026, as determined by the Talent and Compensation Committee of the Company’s Board of Directors, up to a maximum of 200% of the target number of PSUs, subject to continued service through December 31, 2026. The inducement grants are subject to the terms and conditions of the applicable RSU and PSU agreements and Power Integrations’ Amended and Restated 2025 Inducement Award Plan.

The inducement grants were approved by the Talent and Compensation Committee of Power Integrations’ Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were granted as a material inducement to employment in accordance with Nasdaq Rule 5635(c)(4).

About Power Integrations

Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.

Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260717175361/en/

Joe Shiffler
Power Integrations, Inc.
(408) 414-8528
joe@power.com

Source: Power Integrations, Inc.