SiTime (SITM) CEO Rajesh Vashist awarded new RSU and PRSU grants
Rhea-AI Filing Summary
SiTime Corporation's chief executive officer and director, Rajesh Vashist, reported multiple equity awards of common stock on February 10, 2026. These grants include 4,639 restricted stock units under an Executive Bonus and Retention Plan that vest 50% on May 20, 2026 and 50% on August 20, 2026, plus additional performance-based restricted stock units tied to prior awards from March 15, 2024 and August 12, 2024 that fully vest on February 20, 2027 if performance goals are met. He also received a new restricted stock unit award vesting 6.25% on February 20, 2026 and quarterly thereafter. Following these awards, he directly beneficially owns 512,109 shares of common stock, which includes 353,562 unvested restricted and performance-based units, and indirectly holds additional shares through two family dynasty trusts and an LLC where he has voting and investment power.
Positive
- None.
Negative
- None.
Insights
CEO receives sizable stock and PRSU awards, but no open-market buying or selling.
The filing shows SiTime CEO Rajesh Vashist receiving several equity awards coded as grants at a price of $0 per share. These are a mix of time-based restricted stock units and performance-based restricted stock units linked to total shareholder return and stock price performance.
Footnotes indicate that 353,562 shares are tied to unvested restricted and performance-based awards, with vesting stretching to at least February 20, 2027. This emphasizes long-term, stock-based compensation rather than immediate cash pay, aligning leadership incentives with multi-year share performance.
The filing also lists indirect holdings via two family dynasty trusts and an LLC, where Vashist has voting and investment power. Overall, this is a routine compensation and ownership update; its actual impact depends on future vesting outcomes and the company’s relative total shareholder return over the stated performance periods.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,639 | $0.00 | -- |
| Grant/Award | Common Stock | 28,146 | $0.00 | -- |
| Grant/Award | Common Stock | 5,419 | $0.00 | -- |
| Grant/Award | Common Stock | 14,803 | $0.00 | -- |
| Grant/Award | Common Stock | 27,493 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock unit award under the Executive Bonus and Retention Plan vesting 50% of the shares on May 20, 2026 and 50% on August 20, 2026. Additional shares being granted upon the achievement of performance criteria for performance-based restricted stock units (PRSUs) initially granted on March 15, 2024. The total 56,292 shares granted under this PRSU award will vest on February 20, 2027. Additional shares being granted upon the achievement of performance criteria for performance-based restricted stock units (PRSUs) initially granted on August 12, 2024. The total 10,838 shares granted under this PRSU award will vest on February 20, 2027. Restricted stock unit award vesting 6.25% of the shares on February 20, 2026 and quarterly thereafter. Each performance-based restricted stock unit represents a contingent right to receive one share of common stock. The PRSUs vest upon achievement of certain levels of relative total stockholder return over a performance period of three years by SiTime. Includes an aggregate of 353,562 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested. These unvested units include 123,516 restricted stock units that vest over time, and 230,046 performance-based restricted stock units that vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods. The reportable securities are owned directly by Aldebran Rajesh Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers and has voting and investment power over the shares. The reportable securities are owned directly by Aldebran Rohini Family Dynasty Trust DTD 09/23/2021, of which the Reporting Person is one of the managers and has voting and investment power over the shares. The reportable securities are owned directly by Aldebran Constellation LLC, of which the Reporting Person is one of the managers and has voting and investment power over the shares.
FAQ
What did SiTime (SITM) CEO Rajesh Vashist report in this Form 4?
What are the key vesting dates for the new SiTime (SITM) CEO awards?
What performance conditions apply to the SiTime (SITM) CEO performance-based RSUs?
Are the SiTime (SITM) CEO’s new stock grants open-market purchases?