Kulicke & Soffa (KLIC) director converts 1,920 PSUs to stock
Rhea-AI Filing Summary
Kulicke & Soffa Industries (KLIC) reported an insider equity transaction by a director. On November 20, 2025, 1,920 performance share units (PSUs) granted on October 14, 2022, were converted into 1,920 shares of common stock at an exercise price of $0 per share. These PSUs achieved an 8% payout based on the greater of absolute revenue growth or relative performance against direct competitors over a three-year period, and the payout was certified before issuance.
After this conversion, the reporting person beneficially owns 1,161,725 shares of KLIC common stock in direct ownership. Each PSU was convertible into one share of common stock, so this transaction represents a standard performance-based equity vesting rather than an open-market purchase or sale.
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FAQ
What insider transaction did KULICKE & SOFFA INDUSTRIES INC (KLIC) report?
The company reported that a director converted 1,920 performance share units into 1,920 shares of common stock on November 20, 2025 at an exercise price of $0 per share.
How many KLIC shares does the reporting person own after this Form 4 transaction?
Following the reported transaction, the director beneficially owns 1,161,725 shares of KLIC common stock in direct ownership.
What performance conditions triggered the 1,920 PSU payout for KLIC?
The 1,920 performance share units reflected an 8% payout, based on the greater of absolute revenue growth or relative performance against each direct competitor for each year of the three-year performance period.
When were the KLIC performance share units originally granted and when were they issued as shares?
The performance share units were awarded on October 14, 2022. The payout was certified and the corresponding 1,920 shares of common stock were issued on November 20, 2025.
What does the transaction code "M" mean in this KLIC Form 4?
The transaction code "M" indicates the exercise or conversion of a derivative security, in this case the conversion of performance share units into common stock.
Who is the reporting person in this KLIC Form 4 filing and what is their role?
The Form 4 is filed for Fusen E. Chen, who is identified as a director of KULICKE & SOFFA INDUSTRIES INC (KLIC). The form is signed by Zi Yao Lim as Attorney-in-Fact for Fusen E. Chen.