Silicon Labs (SLAB) director receives 962 RSUs as stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Luther Sherri R reported acquisition or exercise transactions in this Form 4 filing.
Silicon Laboratories Inc. director Sherri R. Luther received an equity award in the form of restricted stock units. The grant covers 962 RSUs, each convertible into one share of common stock. These RSUs vest in full on the earlier of the first anniversary of the grant date or the day before the next year’s Annual Meeting of Stockholders.
After this award, Luther directly holds 6,701 shares of Silicon Labs common stock. This is a compensation-related grant, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Luther Sherri R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.0001 par value | 962 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.0001 par value — 6,701 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 962 units
Shares after grant: 6,701 shares
Security type: Common Stock, $0.0001 par value
3 metrics
RSU grant size
962 units
Restricted stock units granted to director Sherri R. Luther
Shares after grant
6,701 shares
Total common stock directly held after RSU award
Security type
Common Stock, $0.0001 par value
Underlying security for the RSU grant
Key Terms
restricted stock units, RSUs, Annual Meeting of Stockholders
3 terms
restricted stock units financial
"Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Reflects the grant of restricted stock units (RSUs) that will entitle Reporting Person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Annual Meeting of Stockholders financial
"the date one day prior to the Annual Meeting of Stockholders in the year following"
FAQ
What did Silicon Laboratories (SLAB) director Sherri Luther report on this Form 4?
Sherri Luther reported receiving a grant of 962 restricted stock units from Silicon Laboratories. Each RSU represents the right to receive one share of common stock, reflecting routine equity-based director compensation rather than an open-market stock purchase or sale.
What are the vesting terms of Sherri Luther’s 962 RSUs at Silicon Laboratories (SLAB)?
The 962 RSUs granted to Sherri Luther vest completely on the earlier of two dates: the first anniversary of the grant date or the day before the next year’s Annual Meeting of Stockholders, providing a time-based vesting schedule tied to service.
Is Sherri Luther’s Silicon Laboratories (SLAB) RSU grant an open-market stock purchase?
No, the 962-share RSU grant to Sherri Luther is a stock-based compensation award, not an open-market purchase. The units are granted at no cash cost and convert into common shares only when the vesting conditions are satisfied in the future.
What type of security did Sherri Luther receive from Silicon Laboratories (SLAB)?
Sherri Luther received restricted stock units representing Silicon Laboratories common stock with a par value of $0.0001 per share. Each RSU will deliver one share of common stock when vested, aligning director compensation with shareholder interests over time.