SiTime (SITM) legal chief awarded 10,157 stock-based shares
Rhea-AI Filing Summary
SiTime Corp executive Vincent P. Pangrazio reported equity awards in company stock. On February 10, 2026, he acquired four grants of common stock totaling 10,157 shares at $0 per share through restricted stock units and performance-based restricted stock units.
One restricted stock unit grant vests 50% on May 20, 2026 and 50% on August 20, 2026. Another award relates to performance-based units first granted on March 15, 2024, with 5,936 shares scheduled to vest on February 20, 2027 if performance goals are met. Additional time-based units vest 6.25% on February 20, 2026 and then quarterly.
After these awards, Pangrazio directly beneficially owns 60,697 shares of common stock, including 51,023 shares tied to unvested restricted and performance-based units that depend on time- and stock-price-related conditions. He serves as EVP, Chief Legal Officer & Corporate Secretary.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,733 | $0.00 | -- |
| Grant/Award | Common Stock | 2,968 | $0.00 | -- |
| Grant/Award | Common Stock | 2,728 | $0.00 | -- |
| Grant/Award | Common Stock | 2,728 | $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 5,936 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 51,023 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 22,714 restricted stock units that vest over time, and 28,309 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.