Tower Semiconductor director discloses RSU-based holdings
Tower Semiconductor Ltd director Iris Avner filed an initial Form 3 reporting beneficial ownership of ordinary shares.
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Form Type
3
Rhea-AI Filing Summary
Tower Semiconductor Ltd director Iris Avner filed an initial Form 3 reporting beneficial ownership of ordinary shares. The holdings include shares issued upon vesting of previously granted restricted stock units (RSUs) and additional RSUs scheduled to vest in 2026 and 2027, contingent on continued service.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Avner Iris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 20,409 shares (Direct)
Footnotes (3)
- F1. These shares were issued upon vesting of previously granted RSU's
- F2. 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.
- F3. 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
Vested RSUs: 2,460 RSUs
RSUs vesting on 07/31/2026: 2,460 RSUs
RSUs vesting on 07/30/2026: 2,091 RSUs
+1 more
4 metrics
Vested RSUs
2,460 RSUs
Already vested as described for Iris Avner
RSUs vesting on 07/31/2026
2,460 RSUs
Scheduled vesting date 07/31/2026, subject to continued service
RSUs vesting on 07/30/2026
2,091 RSUs
Scheduled vesting date 07/30/2026, subject to continued service
RSUs vesting on 07/30/2027
2,091 RSUs
Scheduled vesting date 07/30/2027, subject to continued service
Key Terms
restricted stock units ("RSUs"), contingent right, vest, ordinary stock
4 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"
vest financial
"2,460 are already vested and the remaining 2,460 will vest on 07/31/2026"
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.
ordinary stock financial
"receive one share of ordinary stock of Tower Semiconductor Ltd."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Iris Avner Form 3 for TSEM report?
The Form 3 reports Iris Avner’s initial beneficial ownership of Tower Semiconductor ordinary shares. It notes that some shares were issued upon vesting of previously granted RSUs and that further RSUs are scheduled to vest in future years, subject to continued service.
How are RSUs described in the TSEM Form 3 for Iris Avner?
The filing explains that each restricted stock unit (RSU) represents a contingent right to receive one ordinary share of Tower Semiconductor. These RSUs function as equity-based compensation that converts into shares as they vest over time, assuming service conditions are met.
What RSUs are already vested for Iris Avner at Tower Semiconductor (TSEM)?
The filing states that 2,460 RSUs are already vested for Iris Avner. Each vested RSU represents one ordinary share of Tower Semiconductor, meaning these units have already converted into share ownership under the company’s equity compensation arrangements.
When will additional RSUs vest for Iris Avner at TSEM?
The Form 3 notes that 2,460 RSUs will vest on 07/31/2026. It further states that 2,091 RSUs will vest on 07/30/2026 and another 2,091 RSUs will vest on 07/30/2027, all subject to continued service through each vesting date.
What conditions apply to Iris Avner’s unvested RSUs at Tower Semiconductor?
All unvested RSUs are subject to a continued service condition. The filing specifies that future vesting on 07/31/2026, 07/30/2026, and 07/30/2027 depends on Iris Avner remaining in service with Tower Semiconductor through each applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
