Power Integrations director granted 2,491 RSUs
Gioia Nancy Lee reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Gioia Nancy Lee reported acquisition or exercise transactions in this Form 4 filing.
POWER INTEGRATIONS INC director Nancy Lee Gioia received a stock-based award of 2,491 common shares. The shares are in the form of restricted stock units that will vest, subject to her continued service, on the earlier of one year from the grant date or the day before the next annual stockholders meeting. After this grant, she directly holds 9,787 common shares.
Insider Trade Summary
Grant/Award: 2,491 shares
Grant/Award
1 txn
Insider
Gioia Nancy Lee
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,491 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,787 shares (Direct)
Holdings Before and After:
Common Stock, 7,296 to 9,787 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units that, subject to the Reporting Person's continued service to the Issuer, will vest at the earlier of one year from the date of grant or the day before the date of the next annual meeting of stockholders.
Key Figures
RSU grant size: 2,491 shares
Grant price per share: $0.00 per share
Post-grant holdings: 9,787 shares
+2 more
5 metrics
RSU grant size
2,491 shares
Restricted stock units awarded to director Nancy Lee Gioia
Grant price per share
$0.00 per share
Compensation award, not a market purchase
Post-grant holdings
9,787 shares
Total common shares held directly after the transaction
Vesting period
Earlier of one year or pre-annual meeting
Vesting schedule for the 2,491 restricted stock units
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units, vest, annual meeting of stockholders, grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units that, subject to the Reporting Person's continued service"
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"
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
"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"
common stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did POWI director Nancy Lee Gioia acquire in this Form 4 filing?
Nancy Lee Gioia acquired 2,491 shares of POWER INTEGRATIONS INC common stock through a restricted stock unit grant. These shares are part of her director compensation and are subject to future vesting conditions linked to her continued service.
When do Nancy Lee Gioia’s 2,491 restricted stock units in POWI vest?
The 2,491 restricted stock units vest at the earlier of one year from the grant date or the day before POWER INTEGRATIONS INC’s next annual stockholders meeting. Vesting is also conditioned on Nancy Lee Gioia’s continued service to the company.
What does transaction code "A" mean in Nancy Lee Gioia’s POWI Form 4?
Transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of securities. For Nancy Lee Gioia, it reflects 2,491 restricted stock units of POWER INTEGRATIONS INC common stock awarded as compensation, subject to vesting conditions.
Are Nancy Lee Gioia’s new POWI restricted stock units subject to service conditions?
Yes, the 2,491 restricted stock units are subject to her continued service with POWER INTEGRATIONS INC. They will only vest if she remains in service through the earlier of one year from grant or the day before the next annual stockholders meeting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
