Navitas Semiconductor (NVTS) director Davin Lee receives 3,430-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEE DAVIN reported acquisition or exercise transactions in this Form 4 filing.
Navitas Semiconductor Corp director Davin Lee received a stock-based compensation award. The filing reports a grant of 3,430 shares of Class A Common Stock in the form of restricted stock units (RSUs). These RSUs are scheduled to vest in full on June 9, 2026, delivering one share of common stock for each vested RSU, subject to the company’s equity incentive plan and potential share withholding to cover taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LEE DAVIN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,430 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 3,430 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 3,430 shares
Price per RSU: $0.00 per share
Shares following transaction: 3,430 shares
+1 more
4 metrics
RSU grant size
3,430 shares
Restricted stock units granted to director Davin Lee
Price per RSU
$0.00 per share
Grant, award, or other acquisition (compensation, not purchase)
Shares following transaction
3,430 shares
Total shares linked to this award after the transaction
Vesting date
June 9, 2026
RSUs scheduled to vest in full on this date
Key Terms
restricted stock units (RSUs), vesting, withholding of shares, withholding taxes, +1 more
5 terms
restricted stock units (RSUs) financial
"Reflects grant of restricted stock units (RSUs) scheduled to vest in full on June 9, 2026."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vesting financial
"RSU vesting results in the delivery of one share of issuer common stock per vested RSU following the vesting date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
withholding taxes financial
"withholding of shares subject to settlement in respect of withholding taxes incurred by the reporting person upon settlement"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
equity incentive plan financial
"subject to the issuer's equity incentive plan and applicable policies."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.