Cohu (COHU) Sr VP granted RSUs and PSUs, shares withheld for taxes
Rhea-AI Filing Summary
Cohu, Inc. senior executive equity awards and tax withholding
Cohu’s Sr VP & Chief Customer Officer, Christopher Bohrson, reported routine equity compensation changes. On March 10, he received 17,979 Performance Stock Units and 17,979 Restricted Stock Units, each representing a contingent right to one share of Cohu common stock upon vesting.
The performance units vest based on total shareholder return measured on the third anniversary of grant, with actual vesting between 0% and 200% of the 17,979 target units if performance goals are met and service continues. The RSUs vest in four equal annual installments, also subject to continued service. On March 11, 4,088 common shares were automatically withheld upon RSU vesting to cover tax obligations, a disposition classified as exempt under Rule 16(b)-3. After these transactions, Bohrson directly holds 199,107 shares of common stock, including previously reported RSUs that will settle into shares as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,088 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 17,979 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 17,979 | $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 135,861 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).