Tower Semiconductor (TSEM) president discloses ordinary share and RSU holdings
Rhea-AI Filing Summary
Tower Semiconductor Ltd officer Marco Racanelli, listed as President, reports his beneficial ownership of ordinary shares and restricted stock units. The filing lists several direct holdings of ordinary shares, each with its own post-transaction balance, reflecting different grant or account entries.
Footnotes explain that the reported positions include restricted stock units (RSUs), each representing a contingent right to receive one ordinary share of Tower Semiconductor. Some RSUs are already vested, while additional tranches are scheduled to vest between December 11, 2026 and March 31, 2029, conditioned on his continued service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Racanelli Marco
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 13,286 shares (Direct)
Footnotes (1)
- These shares were issued upon vesting of previously granted RSU's The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 469 are already vested and the remaining 2,348 will vest on 12/11/2026, subject to the Reporting Persons continued service through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 1,673 are already vested and the remaining 31,334 will vest on 03/19/2027, subject to the Reporting Persons continued service through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 29,168 will vest on 05/27/2027, subject to the Reporting Persons continued service through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 17,616 will vest on 03/26/2027 and the remaining 17,621 will vest on 03/26/2028, subject to the Reporting Persons continued service through each vesting date. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 2,598 will vest on 03/31/2027, additional 2,598 will vest on 03/31/2028 and the remaining 2,600 will vest on 03/31/2029, subject to the Reporting Persons continued service through each vesting date.
Key Figures
Ordinary share holding example: 7,796 shares
Ordinary share holding example: 35,237 shares
RSUs vesting 12/11/2026: 2,348 RSUs
+4 more
7 metrics
Ordinary share holding example
7,796 shares
Direct ordinary shares, total following transaction entry
Ordinary share holding example
35,237 shares
Direct ordinary shares, total following another transaction entry
RSUs vesting 12/11/2026
2,348 RSUs
Future vesting tranche, subject to continued service
RSUs vesting 03/19/2027
31,334 RSUs
Future vesting tranche, subject to continued service
RSUs vesting 05/27/2027
29,168 RSUs
Future vesting tranche, subject to continued service
RSUs vesting 03/26/2027 and 03/26/2028
17,616 and 17,621 RSUs
Two vesting tranches tied to continued service
RSUs vesting 2027–2029
2,598, 2,598, 2,600 RSUs
Tranches vesting 03/31/2027, 03/31/2028, 03/31/2029
Key Terms
restricted stock units, RSUs, contingent right, vest, +1 more
5 terms
restricted stock units financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
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
"These shares were issued upon vesting of previously granted RSU's"
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.
contingent right financial
"each of which represents a contingent right to receive one share of ordinary stock"
vest financial
"the remaining 2,348 will vest on 12/11/2026, subject to the Reporting Persons continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to the Reporting Persons continued service through each vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Marco Racanelli report owning in Tower Semiconductor (TSEM)?
Marco Racanelli reports direct holdings of Tower Semiconductor ordinary shares and multiple grants of restricted stock units (RSUs). Each RSU represents a contingent right to receive one ordinary share, subject to vesting schedules tied to his continued service with the company.
Are Marco Racanelli’s Tower Semiconductor (TSEM) holdings in this filing buys or sells?
The filing does not report any explicit purchases or sales. It shows holdings and grants of ordinary shares and RSUs, with transaction codes marked as unknown and no shares classified as buys or sells in the transaction summary.
How many Tower Semiconductor (TSEM) RSUs are scheduled to vest for Marco Racanelli?
The footnotes describe several RSU grants with future vesting amounts, including 2,348, 31,334, 29,168, 17,616, 17,621, 2,598, 2,598 and 2,600 units. Each RSU converts into one ordinary share if Mr. Racanelli continues service through the respective vesting dates.
When will Marco Racanelli’s Tower Semiconductor (TSEM) RSUs vest?
The RSUs vest in tranches on specific dates: December 11, 2026; March 19, 2027; May 27, 2027; March 26, 2027; March 26, 2028; March 31, 2027; March 31, 2028; and March 31, 2029, subject to his continued service.
What role does Marco Racanelli hold at Tower Semiconductor (TSEM) in this filing?
Marco Racanelli is identified as an officer of Tower Semiconductor with the title of President. The filing reports his beneficial ownership of ordinary shares and RSUs, reflecting equity-based compensation aligned with his executive position at the company.