Navitas Semiconductor (NASDAQ: NVTS) accelerates RSU vesting for departing CFO
Rhea-AI Filing Summary
Navitas Semiconductor Corporation reported a compensation decision related to its previously announced chief financial officer transition. Former CFO and Treasurer Todd Glickman, who agreed to remain as a consultant through March 30, 2026 to support the handover to incoming CFO and Treasurer Tonya Stevens, will receive accelerated vesting of 211,528 previously granted but unvested restricted stock units. These units had been scheduled to vest on September 20, 2026, but the company approved vesting as of March 13, 2026 in recognition of his service through the transition date.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed in the Current Reports on Form 8-K filed by Navitas Semiconductor Corporation (the “Company”) on February 24, 2026 and March 11, 2026, the Company and Todd Glickman, the former Senior Vice President, Chief Financial Officer and Treasurer of the Company, reached a mutual decision regarding his departure to pursue new opportunities, with Mr. Glickman agreeing to remain with the Company as a consultant through March 30, 2026 (the “Transition Date”) to ensure continuity and a smooth transition of the leadership of the Company’s finance and accounting function to Tonya Stevens, the Company’s incoming Chief Financial Officer and Treasurer, effective as of the Transition Date. In recognition of his service to the Company through the Transition Date, the Company agreed on March 13, 2026 to accelerate the vesting of 211,528 previously granted but unvested restricted stock units that were otherwise scheduled to vest on September 20, 2026.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NAVITAS SEMICONDUCTOR CORPORATION | ||
| Dated: March 17, 2026 | ||
| By: | /s/ Chris Allexandre | |
| Chris Allexandre | ||
| President and Chief Executive Officer | ||
FAQ
What did Navitas Semiconductor (NVTS) announce about its former CFO’s equity awards?
Why is Navitas Semiconductor (NVTS) accelerating Todd Glickman’s RSU vesting?
When will Todd Glickman’s consulting role with Navitas Semiconductor (NVTS) end?
Who is becoming the new CFO and Treasurer at Navitas Semiconductor (NVTS)?
How many restricted stock units are affected in Navitas Semiconductor’s (NVTS) 8-K?
What is the effective date of Navitas Semiconductor’s (NVTS) CFO transition?
Filing Exhibits & Attachments
3 documents