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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,801 | $0.00 | -- |
| Grant/Award | Common Stock | 5,473 | $0.00 | -- |
| Grant/Award | Common Stock | 4,980 | $0.00 | -- |
| Grant/Award | Common Stock | 4,980 | $0.00 | -- |
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 10,946 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 89,557 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 37,557 restricted stock units that vest over time, and 52,000 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.