SiTime (SITM) EVP Piyush Sevalia receives new RSU and PRSU grants
Rhea-AI Filing Summary
SiTime Corporation executive Piyush B. Sevalia, EVP of Marketing, reported multiple equity awards of common stock on February 10, 2026. These are coded as grants or other acquisitions, not open-market purchases or sales, and were awarded at a price of $0 per share.
The filing shows a 1,801-share restricted stock unit (RSU) grant under the Executive Bonus and Retention Plan, vesting 50% on May 20, 2026 and 50% on August 20, 2026. It also reports 5,473 additional shares tied to performance-based RSUs initially granted on March 15, 2024, with a total of 10,946 shares from that PRSU award vesting on February 20, 2027.
Sevalia also received a 4,980-share RSU award vesting 6.25% on February 20, 2026 and quarterly thereafter, plus a 4,980-share performance-based RSU award that vests based on relative total stockholder return over a three-year period. Following these transactions, he beneficially owns 94,055 shares of common stock, including 89,557 shares underlying unvested RSUs and performance-based RSUs.
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