Cohu (COHU) CFO receives RSU and PSU grants as 5,576 shares withheld for taxes
Rhea-AI Filing Summary
Cohu, Inc. Senior VP Finance & CFO Jeffrey D. Jones reported equity compensation awards and related tax withholding. He received grants of 26,969 Performance Stock Units and 26,969 Restricted Stock Units, each representing a contingent right to receive one share of common stock upon future vesting and, for the performance units, achievement of total shareholder return goals.
Separately, 5,576 shares of common stock were automatically withheld upon vesting of Restricted Stock Units to cover tax obligations, a non-market transaction. After these events, Jones directly holds 386,021 shares of Cohu common stock, including previously reported RSUs that may convert into shares upon future vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,576 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 26,969 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 26,969 | $0.00 | $0.00 |
Footnotes (4)
- F1. Represents Performance Stock Units (also referred to as RSUs) that will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock upon vesting. These performance stock units will be earned only after the certification of achievement of specified performance goals (total shareholder return). Provided such goals are achieved and subject to continued service through the vesting date, performance is scheduled and measured in full on the third anniversary of the date of grant. The number of shares shown is the target award level. The actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals.
- F2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. The RSUs vest in four equal annual installments beginning with the anniversary of the date of grant (assuming continued service through the vesting dates).
- F3. Represents shares that were automatically withheld upon vesting of Restricted Stock Units (RSUs) to cover tax obligations in a transaction exempt under Rule 16(b)-3.
- F4. Number of shares includes 188,486 RSUs (excluding the impact of shares that will be withheld to cover tax obligations) previously reported that in the future will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock immediately upon the vesting dates (assuming continued service through the vesting dates and achievement of specified performance goals).
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