Power Integrations (POWI) director receives 2,491 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IYER BALAKRISHNAN S reported acquisition or exercise transactions in this Form 4 filing.
POWER INTEGRATIONS INC director Iyer Balakrishnan S received an equity award of 2,491 shares of common stock. The shares were granted as restricted stock units at a price of $0.00 per share and are held directly. Following this award, the director now owns 26,672 shares of the company’s common stock.
The footnote explains that these restricted stock units will vest if the director continues serving the company until the earlier of one year from the grant date or the day before the next annual meeting of stockholders, tying the award to ongoing board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
IYER BALAKRISHNAN S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,491 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 26,672 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,491 shares
Grant price: $0.00 per share
Post-transaction holdings: 26,672 shares
+1 more
4 metrics
RSU grant size
2,491 shares
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Price per share for the restricted stock unit award
Post-transaction holdings
26,672 shares
Total common shares held directly after the grant
Vesting term
Earlier of 1 year or pre-next annual meeting
Service-based vesting condition for the restricted stock units
Key Terms
restricted stock units, vest, annual meeting of stockholders, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents restricted stock units that, subject to the Reporting Person's continued service to the Issuer, will vest..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"...will vest at the earlier of one year from the date of grant or the day before the date of the next annual meeting..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"...one year from the date of grant or the day before the date of the next annual meeting of stockholders."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"