Cohu (COHU) executive has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cohu, Inc. senior vice president and Chief Customer Officer Christopher Bohrson reported an automatic tax-withholding transaction involving company stock. On this date, 2,273 shares of common stock were withheld at no stated price to cover tax obligations arising from the vesting of restricted stock units, in a transaction exempt under Rule 16(b)-3.
After this withholding, Bohrson directly held 196,834 shares of Cohu common stock. This total includes 131,741 restricted stock units that are scheduled to convert into common shares on a one-for-one basis upon future vesting dates, assuming continued service and achievement of specified performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOHRSON CHRISTOPHER
Role
Sr VP & Chief Customer Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,273 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 196,834 shares (Direct)
Footnotes (1)
- 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 131,741 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).
FAQ
What insider transaction did Cohu (COHU) report for Christopher Bohrson?
Cohu reported that senior vice president and Chief Customer Officer Christopher Bohrson had 2,273 shares of common stock automatically withheld. These shares covered tax obligations triggered by vesting restricted stock units, and the transaction was classified as exempt under Rule 16(b)-3.
Was the Cohu (COHU) insider transaction an open-market sale?
The transaction was not an open-market sale. Shares were automatically withheld to satisfy tax obligations on vesting restricted stock units, with no sale price reported. This type of tax-withholding disposition is mechanical and does not reflect an active decision to sell shares in the market.
What do the 131,741 restricted stock units mean for Cohu (COHU) insider ownership?
The 131,741 restricted stock units represent potential future Cohu shares for Christopher Bohrson. They will convert into common stock on a one-for-one basis as they vest, assuming he remains in service and specified performance goals are met at the respective vesting dates.