NVTS Form 4: Amoruso Added 22,048 RSUs Under 2021 Plan
Rhea-AI Filing Summary
Navitas Semiconductor director Cristiano Amoruso reported awards totaling 24,634 restricted stock units (RSUs) of Class A common stock, recorded as direct beneficial ownership. An annual award of 22,048 RSUs was granted for the 2025–2026 board term under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan; those RSUs will vest in full immediately before the issuer's 2026 annual stockholders' meeting, subject to the reporting person's continued service or, if timing differs, one year after the grant. A separate grant of 2,586 RSUs for the 2024–2025 term was fully vested upon grant. All reported RSUs have an acquisition price of $0.
Positive
- Clear disclosure of director compensation under the 2021 Equity Incentive Plan, including vesting conditions
- Total direct beneficial ownership reported as 24,634 RSUs, with 2,586 shares vested immediately (no cash outlay)
Negative
- None.
Insights
TL;DR Director RSU awards are routine compensation; total direct beneficial ownership reported at 24,634 shares, with most vesting in 2026.
The Form 4 discloses non-cash director awards under the company's 2021 Equity Incentive Plan. The filing breaks the award into a 22,048-share annual grant that vests contingent on continued service before the 2026 meeting and a 2,586-share portion that vested immediately. The acquisition price for the reported RSUs is shown as $0, reflecting grant treatment rather than a market purchase. From a securities-impact perspective the disclosure is a routine compensation event with no immediate cash consideration recorded by the reporting person.
TL;DR Grant aligns director pay with shareholder alignment via RSUs; vesting is service-based and follows the company's documented plan.
The transaction is described as part of the issuer's non-employee director compensation program and falls under the Navitas 2021 Equity Incentive Plan. Service-contingent vesting before the 2026 annual meeting (or one-year fallback) is a standard governance mechanism to align board retention with shareholder timelines. The immediate vesting of 2,586 RSUs for prior service is explicitly noted. The form shows direct beneficial ownership post-transaction as 24,634 shares, providing clear transparency on the director's stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 22,048 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,586 | $0.00 | -- |
Footnotes (1)
- Reflects shares underlying an annual award of restricted stock units ("RSUs") granted for the 2025-2026 board term under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan and subject to applicable issuer policies. The RSUs will vest in full immediately before the issuer's 2026 annual stockholders' meeting, subject to the reporting person's continued service as a director at that time, and provided such meeting is within 30 days of the first anniversary of the 2025 annual stockholders' meeting (otherwise the RSUs will vest one year after the grant date). Reflects shares underlying RSUs granted to the reporting person in respect of the portion of the 2024-2025 board term during which the reporting person served as a director, and were fully vested upon grant.
