Diodes Incorporated (DIOD) director receives 3,000-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diodes Incorporated director Philip J. Ritter received an equity grant of 3,000 shares of common stock in the form of restricted stock units. The award was granted at no cash cost to him and is classified as a grant, award, or other acquisition rather than an open-market purchase.
The restricted stock units vest in four equal installments beginning on May 26, 2027, meaning the ownership of the underlying shares is earned over time. Following this grant, Ritter directly holds 3,000 shares, reflecting a routine compensation-related equity award to a board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RITTER PHILIP J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Diodes Incorporated Common Stock | 3,000 | $0.00 | -- |
Holdings After Transaction:
Diodes Incorporated Common Stock — 3,000 shares (Direct, null)
Footnotes (1)
- Restricted stock units vest in four equal installments beginning 05/26/2027. Granted under Rule 16b-3 Plan.
Key Figures
Restricted stock unit grant: 3,000 shares
Transaction price per share: $0.0000
Shares held after transaction: 3,000 shares
+1 more
4 metrics
Restricted stock unit grant
3,000 shares
Grant of Diodes Incorporated common stock to director Philip J. Ritter
Transaction price per share
$0.0000
Non-cash grant of restricted stock units
Shares held after transaction
3,000 shares
Direct ownership by Philip J. Ritter following the grant
Vesting start date
May 26, 2027
Restricted stock units vest in four equal installments beginning on this date
Key Terms
Restricted stock units, Rule 16b-3 Plan, Form 4, Grant, award, or other acquisition
4 terms
Restricted stock units financial
"Restricted stock units vest in four equal installments beginning 05/26/2027."
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.
Rule 16b-3 Plan regulatory
"Granted under Rule 16b-3 Plan."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Diodes (DIOD) director Philip J. Ritter report on this Form 4?
Philip J. Ritter reported receiving a grant of 3,000 Diodes Incorporated common shares as restricted stock units. The transaction is classified as a grant or award, not an open-market purchase, and brings his directly held total position shown in this filing to 3,000 shares.
When do Philip J. Ritter’s Diodes (DIOD) restricted stock units vest?
Ritter’s restricted stock units vest in four equal installments beginning on May 26, 2027. This structure means the 3,000-unit grant is earned gradually over time, aligning his equity compensation with continued service beyond the initial grant date.
Under what plan were Philip J. Ritter’s Diodes (DIOD) restricted stock units granted?
The restricted stock units were granted under a Rule 16b-3 plan. Such plans are structured to comply with specific SEC rules governing insider transactions, allowing equity-based compensation to directors or officers under pre-approved, board-administered arrangements.