Director Anita Ganti receives 2,491-share equity grant at POWER INTEGRATIONS INC (POWI)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ganti Anita reported acquisition or exercise transactions in this Form 4 filing.
POWER INTEGRATIONS INC director Anita Ganti received an equity award of 2,491 shares of common stock in the form of restricted stock units. These units were granted at no cash cost per share and increase her direct holdings to 14,916 shares.
The footnote explains that, as long as she continues to serve the company, the restricted stock units will vest on the earlier of one year from the grant date or the day before the next annual meeting of stockholders. This is a routine compensation-related grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ganti Anita
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,491 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,916 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,491 shares
Grant price: $0.0000 per share
Shares owned after grant: 14,916 shares
3 metrics
RSU grant size
2,491 shares
Restricted stock units awarded to director Anita Ganti
Grant price
$0.0000 per share
Reported transaction price for RSU award
Shares owned after grant
14,916 shares
Total direct common stock holdings following transaction
Key Terms
restricted stock units, annual meeting of stockholders, grant, award, or other acquisition
3 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.
annual meeting of stockholders regulatory
"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"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did POWER INTEGRATIONS INC (POWI) director Anita Ganti report on this Form 4?
Anita Ganti reported receiving 2,491 restricted stock units of POWER INTEGRATIONS INC common stock as a compensation-related equity grant. The award was recorded at zero cash price per share and increased her direct ownership stake to a total of 14,916 shares after the transaction.
Is the Anita Ganti Form 4 for POWI a stock purchase or a compensation grant?
The Form 4 for POWI shows a compensation grant, not an open-market stock purchase. The transaction is coded as an award acquisition of 2,491 restricted stock units, granted at no cash cost, tied to her continued service as a director of POWER INTEGRATIONS INC.
What are the vesting terms of Anita Ganti’s restricted stock units in POWI?
The restricted stock units will vest if Anita Ganti continues to serve the company. Vesting occurs at the earlier of one year from the grant date or the day before POWER INTEGRATIONS INC’s next annual stockholder meeting, aligning the grant with her ongoing board service obligations.
Does the Anita Ganti Form 4 for POWI indicate any stock sales or disposals?
The Form 4 does not report any stock sales or disposals by Anita Ganti. It only records an acquisition of 2,491 restricted stock units as a grant, with no shares sold, gifted, or withheld for taxes in connection with this particular transaction reported for POWER INTEGRATIONS INC.