Kulicke & Soffa EVP receives 174 KLIC shares from PSU payout
Rhea-AI Filing Summary
Kulicke & Soffa Industries Inc. (KLIC)$0 per share following the conversion of performance share units.
The 174 shares came from performance share units granted on October 14, 2022, which achieved an 8% payout based on absolute revenue growth or relative performance versus direct competitors over a three-year period. After this transaction, the executive directly beneficially owns 52,195 shares of KLIC common stock.
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FAQ
What insider transaction did KLIC report on this Form 4?
The Form 4 reports that an Executive Vice President of Kulicke & Soffa Industries Inc. (KLIC) acquired 174 shares of common stock on 11/20/2025 from the settlement of performance share units at a price of $0 per share.
Who is the reporting person in the KLIC Form 4 and what is their role?
The reporting person is an Executive Vice President of Kulicke & Soffa Industries Inc. (KLIC), with the Form 4 signed by Zi Yao Lim as Attorney-in-Fact for Chan Pin Chong.
How many KLIC shares does the executive own after this transaction?
Following the reported transaction, the executive directly beneficially owns 52,195 shares of Kulicke & Soffa Industries Inc. common stock.
What are the details of the performance share units (PSUs) in this KLIC filing?
The performance share units were awarded on October 14, 2022 and achieved an 8% payout based on the greater of absolute revenue growth or relative performance against each direct competitor for each year of a three-year performance period. Each PSU is convertible into one share of KLIC common stock.
What derivative securities were reported in the KLIC Form 4?
The derivative securities reported were Performance Share Units. On 11/20/2025, 174 PSUs were settled and converted into 174 shares of KLIC common stock at an exercise price of $0, leaving 0 derivative securities beneficially owned afterward.
Does this KLIC Form 4 indicate a purchase or a vesting of shares?
The transaction reflects a vesting and conversion of performance share units into KLIC common stock, not an open-market purchase. The 174 shares were issued at $0 upon certification of the PSU payout.