Power Integrations (POWI) CEO sells stock to cover RSU tax obligations
Rhea-AI Filing Summary
Power Integrations Inc. President and CEO Jennifer A. Lloyd reported selling a total of 12,690 shares of common stock on July 22, 2026 at $73.73 per share. The sales represent shares sold to cover tax withholding obligations from vesting and settlement of RSUs through a non-discretionary "sell to cover" transaction.
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Insights
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Insider Trade Summary
Net Seller: 12,690 shares
Net Sell
2 txns
Insider
Lloyd Jennifer A
Role
President and CEO
Sold
12,690 shs ($936K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,640 | $73.73 | $416K |
| Sale | Common Stock F1 | 7,050 | $73.73 | $520K |
Holdings After Transaction:
Common Stock — 136,655 shares (Direct)
Footnotes (1)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
Key Figures
Shares sold (first transaction): 5,640 shares
Shares sold (second transaction): 7,050 shares
Total shares sold: 12,690 shares
+1 more
4 metrics
Shares sold (first transaction)
5,640 shares
Common stock sale on July 22, 2026 to cover RSU tax withholding
Shares sold (second transaction)
7,050 shares
Common stock sale on July 22, 2026 to cover RSU tax withholding
Total shares sold
12,690 shares
Aggregate of two non-derivative common stock sales on July 22, 2026
Sale price per share
$73.73 per share
Price for both non-derivative common stock transactions on July 22, 2026
Key Terms
Restricted Stock Units (RSUs), sell to cover, tax withholding obligations, non-derivative
4 terms
Restricted Stock Units (RSUs) financial
"in connection with the vesting and settlement of RSUs"
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.
sell to cover financial
"to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations"
non-derivative financial
"transaction_type": "non-derivative""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transaction did POWER INTEGRATIONS INC (POWI) report?
POWER INTEGRATIONS INC reported that President and CEO Jennifer A. Lloyd sold 12,690 shares of common stock. The trades occurred on July 22, 2026 and were executed at a price of $73.73 per share to satisfy tax withholding obligations tied to RSU vesting.
Were the July 22, 2026 POWI CEO stock sales discretionary trades?
No. The footnote explains that the sales do not represent a discretionary transaction by the CEO. They were executed as a “sell to cover” to fund required tax withholding upon vesting and settlement of RSUs, rather than an optional portfolio decision.
Were the POWI CEO’s July 22, 2026 stock sales under a Rule 10b5-1 plan?
The report does not affirm that these transactions were made under a Rule 10b5-1 trading plan. The document-level checkbox for such a plan is not marked as true, while the footnote instead emphasizes their non-discretionary, tax-withholding "sell to cover" nature.