Form 4: Benchmark Electronics EVP, Chief Commercial Officer, David Moezidis, Reports Acquisition of Restricted Stock Units

David Moezidis, EVP, Chief Commercial Officer of Benchmark Electronics, reports the acquisition of restricted stock units and common stock.

Summary

• On February 20, 2025, David Moezidis, EVP, Chief Commercial Officer of Benchmark Electronics, reported the acquisition of 16,584 shares of common stock and 16,584 performance-based restricted stock units.
• The common stock was acquired at a price of $0.
• The performance-based restricted stock units have a target number of 16,584, but the actual number may vary from zero to twice the target based on performance.
• These units are subject to a performance period from January 1, 2025, to December 31, 2027, with the final number of shares to be determined and issued by March 15, 2028.
• The restricted stock units vest in ratable installments over a three-year period from the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of stock options to a key executive is generally a positive sign, indicating confidence in the company's future performance. However, the actual value of the performance-based restricted stock units is contingent on future performance, introducing some uncertainty.

Positives

• The acquisition of restricted stock units and common stock by a key executive signals confidence in the company's future performance.

Risks

• The actual number of shares earned from the performance-based restricted stock units is contingent on the company's performance over the next three years, introducing uncertainty.

Future Outlook

The number of shares ultimately earned from the performance-based restricted stock units will depend on the company's performance between January 1, 2025, and December 31, 2027.

Industry Context

Stock grants and restricted stock units are common forms of executive compensation in the electronics manufacturing services industry, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Jabil and Flex also use stock-based compensation to incentivize executives.
• The vesting schedules and performance metrics associated with these grants are typically aligned with industry best practices to drive long-term value creation.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of shareholders, potentially driving increased value.

Key Dates

Keywords

Benchmark Electronics, David Moezidis, restricted stock units, common stock, Form 4, acquisition, performance-based, vesting