Cohu (COHU) executive’s 998-share tax withholding leaves over 100K held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cohu Inc. senior vice president and chief product officer Klaus Ilgenfritz reported a routine tax-related share withholding. On vesting of restricted stock units, 998 shares of common stock were automatically withheld to cover tax obligations in a transaction exempt under Rule 16(b)-3, leaving him with 100,314 shares held directly, including 82,630 RSUs that may convert into common stock upon future vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ilgenfritz Klaus
Role
Sr. VP & Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 998 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 100,314 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 82,630 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 Klaus Ilgenfritz?
Cohu reported that executive Klaus Ilgenfritz had 998 shares of common stock automatically withheld. The withholding covered tax obligations triggered by the vesting of restricted stock units in a transaction exempt under Rule 16(b)-3, rather than an open-market sale.
What restricted stock unit (RSU) holdings are disclosed for Cohu (COHU) executive Klaus Ilgenfritz?
The filing notes that his holdings include 82,630 restricted stock units. These RSUs are expected to convert into Cohu common stock on a one-for-one basis upon future vesting dates, subject to continued service and achievement of specified performance goals.
What does Rule 16(b)-3 exemption mean for this Cohu (COHU) insider transaction?
Rule 16(b)-3 exemption means the tax-withholding disposition is treated as a permitted, non-speculative transaction. The automatic withholding of 998 shares to pay taxes on RSU vesting is considered administrative and does not indicate discretionary trading in Cohu stock by the executive.