Vishay (VSH) CEO receives 172,106-share restricted stock grant under 2023 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smejkal Joel reported acquisition or exercise transactions in this Form 4 filing.
Vishay Intertechnology reported that President and CEO Joel Smejkal received an equity award of 172,106 restricted stock units of common stock on February 25, 2026 under the company’s 2023 Long-Term Incentive Plan. These units vest in equal installments over three years, encouraging multi‑year retention and alignment with shareholders.
If Smejkal’s employment ends before the three-year period, vesting will instead follow the terms of his employment agreement. After this grant, he directly holds 505,449 shares or share-equivalent units of Vishay common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smejkal Joel
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 172,106 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 505,449 shares (Direct)
Footnotes (1)
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FAQ
What did Vishay Intertechnology (VSH) disclose in this Form 4 filing?
Vishay Intertechnology disclosed that President and CEO Joel Smejkal received 172,106 restricted stock units of common stock as an equity award on February 25, 2026, granted under the company’s 2023 Long-Term Incentive Plan, with multi‑year vesting conditions attached.
How do the 172,106 restricted stock units for VSH CEO vest over time?
The 172,106 restricted stock units granted to Vishay’s CEO vest ratably over a three-year period. That means a portion of the award becomes earned each year, tying his realized compensation to continued service and the company’s long‑term performance during that timeframe.
What happens to the VSH restricted stock units if the CEO leaves early?
If Joel Smejkal’s services with Vishay Intertechnology end before the three-year vesting period is complete, the restricted stock units will vest according to his employment agreement terms, rather than the standard equal annual vesting schedule described in the grant footnote.
Is this VSH Form 4 transaction a market buy or a compensatory grant?
This Form 4 reflects a compensatory grant, not a market purchase. The transaction code "A" identifies it as a grant, award, or other acquisition of 172,106 restricted stock units issued at no cash price as part of Vishay’s 2023 Long-Term Incentive Plan.