Silicom (SILC) director Orbach Yeshayhu reports indirect RSU awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SILICOM LTD. director Orbach Yeshayhu filed an initial ownership report showing indirect holdings of restricted share units (RSUs) held by a trustee. These RSUs correspond to blocks of 2,969, 5,642 and 3,655 underlying ordinary shares, each unit representing one share upon vesting.
According to the award terms, one grant vests two years after a June 18, 2024 grant date, another vests two years after a March 17, 2025 grant date, and a third vests in three tranches over one, two and three years from a January 29, 2026 grant date, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Orbach Yeshayhu
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,969 shares (Indirect, By Trustee)
Footnotes (1)
- Each restricted share unit (RSU) represents the right to receive, following vesting, one share of the Issuer. Subject to the Reporting Person's continuous service relationship with the Issuer through the applicable vesting date, the RSUs will vest and convert into ordinary shares two years after the grant date (which grant date is June 18, 2024). Subject to the Reporting Person's continuous service relationship with the Issuer through the applicable vesting date, the RSUs will vest and convert into ordinary shares two years after the grant date (which grant date is March 17, 2025). Subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date, (a) 1,219 of the RSUs will vest and convert into ordinary shares one year after the grant date (which grant date is January 29, 2026), (b) 1,218 of the RSUs will vest and convert into ordinary shares on the second annual anniversary of the grant date and (c) 1,218 of the RSUs will vest and convert into ordinary shares on the three year anniversary of the grant date. If a vesting date falls on a non-business date, the next business date shall apply.
FAQ
What does the Form 3 filing for SILICOM LTD. (SILC) disclose for Orbach Yeshayhu?
The Form 3 discloses Orbach Yeshayhu’s indirect holdings of restricted share units in SILICOM LTD. These RSUs are held by a trustee and each unit represents the right to receive one ordinary share of the company after the applicable vesting conditions are met.
How do the RSUs reported for SILICOM LTD. (SILC) vest for Orbach Yeshayhu?
Each RSU grant vests based on time and continued service with SILICOM LTD. One grant vests two years after June 18, 2024, another two years after March 17, 2025, and a third vests in three annual tranches starting one year after January 29, 2026.
What does it mean that SILICOM LTD. (SILC) RSUs are held "By Trustee" for Orbach Yeshayhu?
“By Trustee” indicates the RSUs are held indirectly on behalf of Orbach Yeshayhu. The trustee structure holds the restricted share units, while the Form 3 attributes beneficial ownership to him, subject to the vesting and continued service conditions described in the award terms.