Cohu (COHU) director Yon Jorden receives 3,578 Restricted Stock Units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JORDEN YON reported acquisition or exercise transactions in this Form 4 filing.
Cohu Inc. director Yon Jorden received a grant of 3,578 Restricted Stock Units, each representing a right to one share of common stock upon vesting. The RSUs vest on the earlier of one year from grant or the next annual stockholder meeting, assuming continued board service, bringing Jorden’s direct holdings to 35,226 shares and RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JORDEN YON
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,578 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 35,226 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. The RSUs vest on the earlier to occur of (i) the one-year anniversary of the date of grant or (ii) the next Cohu, Inc. Annual Meeting of Stockholders (assuming continued service on the Board of Directors). Number of shares includes 3,578 Restricted Stock Units (RSUs) that in the future will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock immediately upon the vesting date (assuming continued service on the Board of Directors).
Key Figures
RSUs granted: 3,578 units
Grant price: $0.00 per unit
Holdings after transaction: 35,226 shares and RSUs
+1 more
4 metrics
RSUs granted
3,578 units
Restricted Stock Units awarded to director Yon Jorden
Grant price
$0.00 per unit
Compensation grant, not an open-market purchase
Holdings after transaction
35,226 shares and RSUs
Direct position following RSU award
Vesting trigger
Earlier of one year or next annual meeting
RSU vesting schedule, assuming continued board service
Key Terms
Restricted Stock Units, contingent right, vesting, Annual Meeting of Stockholders, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of Cohu, Inc. Common Stock"
vesting financial
"upon vesting. The RSUs vest on the earlier to occur of (i) the one-year anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Annual Meeting of Stockholders financial
"or (ii) the next Cohu, Inc. Annual Meeting of Stockholders"
one-for-one basis financial
"will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock"
FAQ
What insider transaction did Cohu (COHU) report for Yon Jorden?
Cohu reported that director Yon Jorden received 3,578 Restricted Stock Units as a grant. Each RSU represents a contingent right to one share of common stock upon vesting, increasing her combined shares and RSUs to 35,226 after the award.
How many Cohu (COHU) Restricted Stock Units were granted to Yon Jorden?
Yon Jorden was granted 3,578 Restricted Stock Units of Cohu Inc. Each unit will convert into one share of common stock when it vests, subject to continued service on the Board of Directors through the applicable vesting date.
When do Yon Jorden’s Cohu (COHU) RSUs vest?
The RSUs vest on the earlier of the one-year anniversary of the grant date or the next Cohu annual stockholders’ meeting. Vesting requires that Yon Jorden continue serving on the Board of Directors through that vesting date under the plan terms.
What does each Cohu (COHU) RSU granted to Yon Jorden represent?
Each Restricted Stock Unit represents a contingent right to receive one share of Cohu Inc. common stock. Conversion occurs on a one-for-one basis immediately upon the vesting date, assuming Yon Jorden continues to serve on the Board of Directors until vesting.
What are Yon Jorden’s Cohu (COHU) holdings after the RSU grant?
After the RSU grant, Yon Jorden’s direct position is 35,226 shares and RSUs in total. This figure includes the newly granted 3,578 RSUs that will convert into common stock immediately upon vesting if service on the Board continues.
Does Yon Jorden pay for the Cohu (COHU) RSU grant?
The Form 4 shows the RSU grant price as $0.00 per unit, indicating it is a compensation award rather than a purchase. Shares will be issued upon vesting, assuming continued board service, without additional cash payment by the director.