Littelfuse (LFUS) SVP receives stock grant tied to RSU dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Littelfuse senior executive Deepak Nayar received an automatic stock-based accrual tied to his existing equity awards. On the transaction date, he acquired 8 shares of Littelfuse common stock at a price of $323.58 per share as a grant/award, representing shares accrued as payment of dividends on unvested restricted stock units. After this transaction, he directly owned 6,017 Littelfuse common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nayar Deepak
Role
SVP & GM Electronics Business
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8 | $323.58 | $3K |
Holdings After Transaction:
Common Stock — 6,017 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did LFUS executive Deepak Nayar report?
Deepak Nayar reported acquiring 8 shares of Littelfuse common stock. The shares were granted as stock-based compensation, representing dividends paid on his unvested restricted stock units, and increased his directly held position in the company to 6,017 shares.
Was the LFUS insider transaction a market purchase or sale?
The transaction was not a market buy or sell. Littelfuse executive Deepak Nayar received 8 shares as a grant, credited as dividend equivalents on unvested restricted stock units, rather than through an open-market trade at the reported price of $323.58 per share.
What does the $323.58 price represent in the LFUS insider grant?
The filing shows a transaction price of $323.58 per share for the 8 Littelfuse shares. This price is used for reporting the value of the grant, which represents dividend-equivalent shares credited on Deepak Nayar’s unvested restricted stock units, not an open-market purchase.
What role does Deepak Nayar hold at Littelfuse (LFUS)?
Deepak Nayar serves as Senior Vice President and General Manager of the Electronics Business at Littelfuse. His position is noted in the insider report that discloses the grant of 8 dividend-equivalent shares and his total direct ownership of 6,017 common shares.