Form 4: Alpha & Omega Semiconductor Executive Xue Bing Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President Xue Bing of Alpha & Omega Semiconductor Ltd. reports acquisition and disposal of common shares and restricted share units.
Summary
- On March 15, 2024, Xue Bing, EVP at Alpha & Omega Semiconductor Ltd., reported changes in beneficial ownership.
- Xue Bing acquired 15,000 common shares through Restricted Share Units (RSU) at a price of $0.
- 6,058 shares were disposed of to satisfy tax withholding obligations related to vesting RSUs at a price of $21.55.
- 3,794 shares were disposed of to satisfy tax withholding obligations related to vesting Performance Share Units (PSU) at a price of $21.55.
- Following these transactions, Xue Bing directly owns 136,439 common shares, which includes unvested RSUs and PSUs.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and tax obligations.
Positives
- The acquisition of 15,000 shares indicates continued alignment of the executive's interests with the company's performance.
Future Outlook
The Restricted Share Units (RSU) vest in equal annual installments over four years from March 15, 2024, contingent on continued service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests. These filings are common in the semiconductor industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Grant date of some Restricted Share Unit awards (RSU). |
| 08/12/2021 | Grant date of some Restricted Share Unit awards (RSU). |
| 03/15/2022 | Grant date of some Restricted Share Unit awards (RSU) and Performance Share Units (PSU). |
| 03/15/2023 | Grant date of some Restricted Share Unit awards (RSU). |
| 03/15/2024 | Date of transaction and grant date of some Restricted Share Unit awards (RSU) and Performance Share Units (PSU). |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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