Insider at Vishay Intertechnology (VSH) awarded 10,199 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hackett Robert Barrett II reported acquisition or exercise transactions in this Form 4 filing.
Vishay Intertechnology senior vice president of global HR, Robert Barrett Hackett II, received a grant of 10,199 restricted stock units of common stock at a stated price of $0.0000 per unit. This award increases his directly held stake to 25,746 shares after the transaction.
The 10,199 restricted stock units were granted under the company’s 2023 Long-Term Incentive Plan and vest ratably over a three-year period. Each unit represents the right to receive one share of Vishay Intertechnology common stock, with vesting subject to continued service or the terms of his employment agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hackett Robert Barrett II
Role
SVP Global HR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,199 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,746 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did the Form 4 for VISHAY INTERTECHNOLOGY INC (VSH) report?
The Form 4 reports that SVP Global HR Robert Barrett Hackett II received 10,199 restricted stock units of Vishay Intertechnology common stock, raising his directly owned holdings to 25,746 shares after the award, under the company’s 2023 Long-Term Incentive Plan.
Was the VSH insider transaction a purchase or an equity grant?
The transaction was an equity grant, not an open-market purchase. Robert Barrett Hackett II acquired 10,199 restricted stock units at a stated price of $0.0000 per unit as part of Vishay Intertechnology’s 2023 Long-Term Incentive Plan, vesting over three years.
How do the 10,199 RSUs granted by VSH vest over time?
The 10,199 restricted stock units vest ratably over a three-year period. If the services of Robert Barrett Hackett II end before three years, vesting will follow the terms of his employment agreement, with each unit convertible into one share of common stock upon vesting.
What plan governs the insider equity award at Vishay Intertechnology (VSH)?
The reported restricted stock unit award is granted under Vishay Intertechnology’s 2023 Long-Term Incentive Plan. This plan provides equity-based compensation, and in this case grants 10,199 RSUs that vest over three years, each representing the right to receive one common share upon vesting.