Tower Semiconductor (NASDAQ: TSEM) director discloses 4,182 shares and RSU grants

Rhea-AI Filing Summary

Tower Semiconductor Ltd director Carolin T Seward reported initial ownership of 4,182 Ordinary Shares, held directly. The filing also notes restricted stock units that will convert into additional ordinary shares if service continues. 2,090 RSUs vest on July 30, 2026 and 2,092 RSUs vest on July 30, 2027, subject to continued service through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Seward Carolin T

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 4,182 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Directly held shares: 4,182 shares RSUs vesting 2026: 2,090 RSUs RSUs vesting 2027: 2,092 RSUs +1 more

4 metrics

Directly held shares 4,182 shares Ordinary Shares following reported holdings

RSUs vesting 2026 2,090 RSUs Vest on July 30, 2026, subject to continued service

RSUs vesting 2027 2,092 RSUs Vest on July 30, 2027, subject to continued service

Total RSU grant 4,182 RSUs Restricted stock units granted, each for one ordinary share

Key Terms

restricted stock units, RSUs, Ordinary Shares

3 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

"2,090 will vest on 07/30/2026 and the remaining 2,092 will vest on 07/30/2027, subject to the Reporting Persons continued service"

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.

Ordinary Shares financial

"security_title": "Ordinary Shares""

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

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FAQ

What does the Form 3 filing by TSEM director Carolin T Seward report?

The Form 3 reports Carolin T Seward’s initial ownership in Tower Semiconductor, including 4,182 Ordinary Shares held directly and restricted stock units scheduled to vest in future years, establishing her baseline equity position as a company director.

How many Tower Semiconductor (TSEM) shares does Carolin T Seward currently hold?

Carolin T Seward reports direct ownership of 4,182 Ordinary Shares of Tower Semiconductor. This represents her current reported equity stake in the company, excluding additional restricted stock units that may vest into shares at later dates if conditions are met.

What restricted stock units were granted to TSEM director Carolin T Seward?

Carolin T Seward was granted restricted stock units, each representing a contingent right to one ordinary share of Tower Semiconductor. These RSUs will vest in two equal-like tranches over time, subject to her continued service with the company through each vesting date.

When will Carolin T Seward’s Tower Semiconductor RSUs vest?

According to the filing, 2,090 RSUs will vest on July 30, 2026, and the remaining 2,092 RSUs will vest on July 30, 2027. Vesting is contingent on Carolin T Seward’s continued service with Tower Semiconductor through each respective vesting date.

What does “subject to continued service” mean for TSEM RSU vesting?

“Subject to continued service” means the restricted stock units vest only if Carolin T Seward remains in service with Tower Semiconductor through each stated vesting date. If service ends earlier, some or all unvested RSUs may be forfeited under the grant terms.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Seward Carolin T

(Last) (First) (Middle)

44910 NARAGANSETT COURT

(Street)

FREMONT CALIFORNIA 94539

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/28/2026

3. Issuer Name and Ticker or Trading Symbol
TOWER SEMICONDUCTOR LTD [ TSEM ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	4,182(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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"). 2,090 will vest on 07/30/2026 and the remaining 2,092 will vest on 07/30/2027, subject to the Reporting Persons continued service through each vesting date.

Remarks:

This Form 3 is being filed to report the Reporting Person beneficial ownership of securities of the Issuer as of the date the Reporting Person became subject to the reporting requirements of Section 16 of the Securities Exchange Act of 1934.

	/s/ Netta Cohen on behalf of Oppenheimer Israel, as Attorney-in-fact	05/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)