NVTS Form 4 — David Moxam receives 22,048 restricted stock units
Rhea-AI Filing Summary
Navitas Semiconductor Corp director David Moxam reported an acquisition on Form 4 showing an annual grant of restricted stock units under the company’s 2021 Equity Incentive Plan. The filing records a transaction date of 08/06/2025 and shows 22,048 shares associated with the award, with a reported price of $0 (RSUs representing the right to receive one share each). The RSUs are set to vest in full immediately before the company’s 2026 annual stockholders' meeting, subject to Mr. Moxam’s continued service, or alternatively one year after the grant if the meeting timing differs.
Positive
- 22,048 RSUs granted to Director David Moxam under the 2021 Equity Incentive Plan
- Vesting terms disclosed, clearly stating vesting timing relative to the 2026 annual meeting or one-year fallback
Negative
- None.
Insights
TL;DR Routine non-employee director compensation: 22,048 RSUs granted, standard vesting tied to continued service.
The Form 4 documents a non-cash annual equity award for a director under the issuer’s 2021 Equity Incentive Plan. The award size is explicit at 22,048 RSUs and the grant carries standard service-based vesting that completes before the 2026 annual meeting or after one year if timing differs. This is a compensation expense recognition item over the vesting period but the filing contains no indication of cash proceeds, option exercises, or sales that would immediately affect market liquidity or capital structure.
TL;DR Standard governance practice: annual RSU grant for a director with service-based vesting; no governance red flags disclosed.
The disclosure notes the award was granted under the company’s non-employee director compensation program and the 2021 Equity Incentive Plan, with explicit vesting conditions tied to continued board service and timing of the 2026 meeting. The form is single-person filed and signed by an attorney-in-fact, which is common for administrative filings. There are no governance issues, change-in-control triggers, or accelerated vesting terms disclosed in this filing.