Kulicke & Soffa SVP PSU payout converts to 142 KLIC shares
Rhea-AI Filing Summary
Kulicke & Soffa Industries (KLIC) filed a Form 4 for its Senior Vice President. On 11/20/2025, 142 Performance Share Units (PSUs) granted on October 14, 2022 were converted into 142 shares of common stock at an exercise price of $0, following certification of an 8% payout based on revenue and competitor-related performance measures over a three-year period.
To cover tax withholding on this PSU payout, 41 shares of common stock were withheld by the issuer at a price of $39.03; these shares were not issued to or sold by the executive. After these transactions, the reporting person directly beneficially owns 30,085 shares of KLIC common stock.
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FAQ
What insider transaction did KULICKE & SOFFA (KLIC) report in this Form 4?
The Senior Vice President reported the conversion of 142 Performance Share Units into 142 shares of common stock on 11/20/2025, at an exercise price of $0.
What are the key details of the Performance Share Units for KLIC?
The PSUs were awarded on October 14, 2022 and achieved an 8% payout, based on the greater of absolute revenue growth or relative performance against direct competitors over a three-year performance period. Each PSU is convertible into one share of common stock.
How many KLIC shares were withheld for taxes in this Form 4?
The issuer withheld 41 shares of common stock at a price of $39.03 to satisfy tax withholding obligations related to the PSU payout. These shares were not issued to or sold by the reporting person.
How many KLIC shares does the reporting person own after these transactions?
Following the reported transactions, the Senior Vice Vice President directly beneficially owns 30,085 shares of Kulicke & Soffa common stock.
What role does the reporting person hold at KULICKE & SOFFA (KLIC)?
The reporting person is an Officer of KLIC, serving as Senior Vice President.
Were any KLIC shares sold by the insider in this Form 4 filing?
No. The filing states that the 41 withheld shares were retained by the issuer for tax withholding and were not issued to or sold by the reporting person.