Cohu (NASDAQ: COHU) exec receives RSU, PSU grants; tax shares withheld
Rhea-AI Filing Summary
Cohu, Inc. senior vice president and chief product officer Klaus Ilgenfritz reported equity compensation changes. On March 10, 2026, he received grants of 13,076 Performance Stock Units and 13,076 Restricted Stock Units at no purchase price. The performance units convert one-for-one into common shares only if total shareholder return goals are certified on the third anniversary, with potential vesting from 0% to 200% of the target amount. The time-based RSUs vest in four equal annual installments, assuming continued service.
On March 11, 2026, 2,225 common shares were automatically withheld upon RSU vesting to cover tax obligations, a disposition coded as tax withholding rather than an open-market sale. After these transactions, Ilgenfritz directly holds 101,312 common shares, which the footnotes state include 84,896 RSUs that will settle into common stock upon future vesting, subject to service and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock Units | 2,225 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 13,076 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 13,076 | $0.00 | -- |
Footnotes (1)
- 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. 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). 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. Number of shares includes 84,896 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).
