Diodes (DIOD) SVP awarded RSUs and PSUs with tax-share withholding
Rhea-AI Filing Summary
Diodes Incorporated senior vice president of worldwide analog products Andy Tsong reported new equity grants and related tax withholding. On 02/01/2026, he received 18,000 restricted stock units at $0, which vest in four equal installments beginning 02/01/2027, and a target award of 18,000 performance stock units under the 2022 Equity Incentive Plan. Each PSU represents one share of common stock and can pay out between 0% and 200% of the target award based on cumulative non-GAAP operating income for 2026–2028, with a target of $243.495 million and vesting in February 2029. On 02/02/2026, 1,541 shares of common stock were withheld at $60.66 per share to cover income taxes on vested units. After these transactions, Tsong directly holds 55,681 shares of common stock and 41,100 performance stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Diodes Incorporated Common Stock | 1,541 | $60.66 | $93K |
| Grant/Award | Diodes Incorporated Common Stock | 18,000 | $0.00 | -- |
| Grant/Award | Diodes Incorporated Common Stock - Performance Stock Units | 18,000 | $0.00 | -- |
Footnotes (1)
- Restricted stock units vest in four equal installments beginning 02/01/2027. Granted under Rule 16b-3 Plan. Vested restricted stock unit shares were automatically withheld to cover income tax. Each PSU represents a contingent right granted under the companys 2022 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock. The PSUs vest in February 2029 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2026 through 2028 of $243.495 million (Target Performance). This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.