Benchmark Electronics (NYSE: BHE) grants SVP 5,996 RSUs and 5,996 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummings David Lee reported acquisition or exercise transactions in this Form 4 filing.
Benchmark Electronics SVP and Chief Commercial Officer David Lee Cummings reported equity awards consisting of 5,996 performance-based restricted stock units and 5,996 shares of common stock granted at a price of $0.00 per share.
The restricted stock unit award is scheduled to vest in equal installments over three years from the grant date. The 5,996 performance-based units represent a target amount; the actual number earned can range from zero to twice this target based on results over a performance period from January 1, 2026 through December 31, 2028, with final shares to be determined and issued by March 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cummings David Lee
Role
SVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units | 5,996 | $0.00 | -- |
| Grant/Award | Common Stock | 5,996 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 11,992 shares (Direct);
Common Stock — 16,487 shares (Direct)
Footnotes (1)
- These shares are represented by a resticted stock unit award bearing the right to receive Common Shares and are scheduled to vest in ratable installments over a three-year period from the grant date. This reflects the target number of performance-based restricted stock units awarded. Actual awards may vary from as low as zero to as high as 2 times the target. As soon as reasonably practicable following the end of the Performance Period (beginning on January 1, 2026 and ending on December 31, 2028) and in no event later than March 15, 2029, the number of shares that may ultimately be earned will be determined and issued.
FAQ
What insider equity awards did Benchmark Electronics (BHE) report for David Lee Cummings?
Benchmark Electronics reported that SVP and Chief Commercial Officer David Lee Cummings received 5,996 performance-based restricted stock units and 5,996 shares of common stock at $0.00 per share. These grants increase his direct equity-based compensation tied to future service and performance outcomes over several years.
How do the performance-based restricted stock units for BHE’s David Lee Cummings work?
The 5,996 performance-based restricted stock units are a target amount that may range from zero to twice that level. The ultimate number of shares earned will depend on performance during a period from January 1, 2026 through December 31, 2028, with issuance by March 15, 2029.
When do David Lee Cummings’ restricted stock unit awards at Benchmark Electronics vest?
The restricted stock unit award granted to David Lee Cummings is scheduled to vest in ratable installments over a three-year period from the grant date. This structure ties continued service at Benchmark Electronics to the gradual delivery of common shares under the award terms.
What is the performance period for Benchmark Electronics’ performance-based units granted to David Lee Cummings?
The performance period for the performance-based restricted stock units begins on January 1, 2026 and ends on December 31, 2028. As soon as reasonably practicable afterward, and no later than March 15, 2029, the final number of shares earned will be determined and issued.