Director at Tower Semiconductor (TSEM) receives 814-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hasson Avi reported acquisition or exercise transactions in this Form 4 filing.
Tower Semiconductor Ltd director Avi Hasson reported a compensation-related equity grant. He was awarded 814 restricted stock units, each representing one ordinary share with no cash paid per share. According to the vesting schedule, 407 RSUs will vest on 07/02/2027 and another 407 will vest on 07/02/2028, contingent on his continued service. Following this award, he holds 20,270 ordinary shares directly, making this a small, routine addition to his position rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hasson Avi
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 814 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 20,270 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 814 shares
Post-transaction holdings: 20,270 shares
First vesting tranche: 407 RSUs
+2 more
5 metrics
RSU grant size
814 shares
Restricted stock units awarded to director Avi Hasson
Post-transaction holdings
20,270 shares
Ordinary shares held directly after the award
First vesting tranche
407 RSUs
Vest on 07/02/2027, subject to continued service
Second vesting tranche
407 RSUs
Vest on 07/02/2028, subject to continued service
Reported grant price
$0.0000 per share
Indicates non-cash equity compensation grant
Key Terms
restricted stock units, RSUs, vesting date, grant, award, or other acquisition
4 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
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right"
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.
vesting date financial
"407 will vest on 07/02/2027, and additional 407 will vest on 07/02/2028, subject to the Reporting Person's continued service through each vesting date"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Avi Hasson acquire in this Tower Semiconductor (TSEM) Form 4 filing?
Avi Hasson received 814 restricted stock units as compensation, not through an open-market purchase. Each RSU represents a contingent right to one Tower Semiconductor ordinary share, increasing his direct holdings as the units vest over time.
What is the vesting schedule for Avi Hasson’s 814 RSUs in Tower Semiconductor (TSEM)?
The 814 restricted stock units vest in two equal installments. 407 RSUs vest on 07/02/2027 and another 407 RSUs vest on 07/02/2028, subject to Hasson’s continued service with Tower Semiconductor through each respective vesting date.
What type of security was involved in Avi Hasson’s Tower Semiconductor (TSEM) Form 4 transaction?
The transaction involved restricted stock units that each convert into one ordinary share of Tower Semiconductor. These RSUs are non-derivative equity awards that vest over time, increasing Hasson’s share ownership as vesting conditions are satisfied.