Tower Semiconductor (TSEM) director discloses share and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TOWER SEMICONDUCTOR LTD director Kalman Kaufman filed an initial ownership report showing direct holdings of ordinary shares and equity awards. The filing lists several direct positions in ordinary shares, and discloses restricted stock units that convert into one ordinary share each as they vest.
According to the disclosure, 2,460 RSUs are already vested and another 2,460 RSUs will vest on 07/31/2026, subject to continued service. A separate grant provides 2,091 RSUs vesting on 07/30/2026 and 2,091 RSUs vesting on 07/30/2027, also conditioned on ongoing service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kaufman Kalman
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 667 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"). 2,460 are already vested and the remaining 2,460 will vest on 07/31/2026, 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"). 2,091 will vest on 07/30/2026 and the remaining 2,091 will vest on 07/30/2027, subject to the Reporting Persons continued service through each vesting date.
Key Figures
Direct holding example: 4,182 ordinary shares
Additional direct holding example: 4,920 ordinary shares
Smaller direct holding example: 667 ordinary shares
+4 more
7 metrics
Direct holding example
4,182 ordinary shares
Total shares following transaction for one holding entry
Additional direct holding example
4,920 ordinary shares
Total shares following transaction for another holding entry
Smaller direct holding example
667 ordinary shares
Total shares following transaction for third holding entry
Vested RSUs
2,460 RSUs
Already vested as of the filing for one RSU grant
Future RSU vesting 2026
2,460 RSUs
Scheduled to vest on July 31, 2026, subject to continued service
Future RSU vesting 2026 second grant
2,091 RSUs
Scheduled to vest on July 30, 2026, subject to continued service
Future RSU vesting 2027
2,091 RSUs
Scheduled to vest on July 30, 2027, subject to continued service
Key Terms
restricted stock units ("RSUs"), contingent right, vesting, ordinary stock, +1 more
5 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"each of which represents a contingent right to receive one share of ordinary stock"
vesting financial
"2,460 are already vested and the remaining 2,460 will vest on 07/31/2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
ordinary stock financial
"receive one share of ordinary stock of Tower Semiconductor Ltd."
continued service financial
"will vest on 07/30/2027, subject to the Reporting Persons continued service through each vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Kalman Kaufman’s Form 3 filing for TSEM show?
The Form 3 shows Kalman Kaufman’s initial beneficial ownership in Tower Semiconductor ordinary shares and restricted stock units. It details direct share positions and future RSU vesting schedules, establishing his starting equity stake as a director of the company.
How many Tower Semiconductor RSUs are already vested for TSEM director Kaufman?
Kaufman has 2,460 restricted stock units already vested, each representing one Tower Semiconductor ordinary share. These vested RSUs come from a larger award that also includes additional units scheduled to vest later, contingent on his continued service at the company.
What future RSU vesting does the TSEM Form 3 disclose?
The filing discloses 2,460 RSUs vesting on July 31, 2026, plus 2,091 RSUs vesting on July 30, 2026 and 2,091 RSUs on July 30, 2027. All future vesting is conditional on Kalman Kaufman’s continued service through each respective vesting date.
Does the TSEM Form 3 show any stock purchases or sales by Kalman Kaufman?
The Form 3 does not report any stock purchases or sales. It is an initial ownership filing that records existing holdings and restricted stock unit grants, rather than documenting new market transactions in Tower Semiconductor ordinary shares by the reporting person.
What do the RSUs in TSEM’s Form 3 represent for Kalman Kaufman?
The RSUs each represent a contingent right to receive one Tower Semiconductor ordinary share. These units convert into shares only as they vest, and vesting is conditioned on Kaufman’s continued service with the company through the specified future vesting dates.