Cohu (COHU) CEO RSU vesting triggers 8,851-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cohu, Inc. President & CEO Luis A. Muller reported a routine tax-related share withholding. On vesting of Restricted Stock Units, 8,851 shares of common stock were automatically withheld to cover tax obligations in a transaction exempt under Rule 16(b)-3.
After this disposition, Muller directly holds 1,052,050 Cohu shares, which includes 598,819 unvested RSUs that may convert one-for-one into common stock upon future vesting, subject to continued service and specified performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Muller Luis A
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Restricted Stock Units | 8,851 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,052,050 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 598,819 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 CEO Luis A. Muller?
Cohu reported that President & CEO Luis A. Muller had 8,851 shares automatically withheld upon RSU vesting to cover tax obligations. This is a non-market, administrative disposition classified under code F, not an open-market share sale.
How many Restricted Stock Units does the Cohu CEO have outstanding?
Luis A. Muller’s reported holdings include 598,819 Restricted Stock Units. Each RSU is expected to convert into one Cohu common share upon vesting, assuming continued service and achievement of specified performance goals over the applicable vesting periods.
Was the Cohu CEO’s tax-withholding transaction exempt under securities rules?
Yes. The filing notes that the 8,851 shares were automatically withheld upon RSU vesting to cover tax obligations in a transaction exempt under Rule 16(b)-3, which governs certain insider transactions involving equity compensation awards.
Does this Cohu Form 4 show any open-market buying or selling by the CEO?
No. The reported Form 4 only shows a code F transaction, where 8,851 shares were withheld to satisfy tax obligations on RSU vesting. The filing does not report any open-market purchases or sales by the CEO on that date.