Form 4: COHU Director Caggia Receives Equity Grant

Cohu Inc. Director Andrew M. Caggia was granted 833 deferred stock units as part of his director compensation, increasing his total beneficial ownership to 74,841 units.

Summary

• Andrew M. Caggia, a Director of Cohu Inc. (COHU), reported a change in beneficial ownership.
• On September 26, 2025, Mr. Caggia acquired 833 Restricted Stock Units (RSUs) in the form of Deferred Stock Units (DSUs) at a price of $0.
• These DSUs represent phantom stock, with each unit equivalent to one share of Cohu, Inc. Common Stock.
• The DSUs will be settled through the issuance of common stock upon Mr. Caggia's termination of service as a director or at certain specified future dates.
• Following this transaction, Mr. Caggia beneficially owns a total of 74,841 securities.
• This total includes 10,257 Restricted Stock Units (RSUs) and 49,188 Deferred Stock Units (DSUs).

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a director, which is a neutral event but slightly positive as it aligns the director's interests with shareholders. There are no negative implications directly from this specific transaction.

Positives

• The grant of Deferred Stock Units aligns the director's interests with those of the shareholders, as the value of his compensation is tied to the company's stock performance.
• Equity compensation is a standard practice for compensating directors, promoting long-term commitment and stewardship.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the settlement conditions for the granted deferred stock units.

Industry Context

This filing represents a routine equity compensation grant to a director, a common practice across various industries to incentivize leadership and align their financial interests with company performance. It does not provide broader industry-specific insights.

Related Party Transactions

• The grant of 833 Deferred Stock Units to Andrew M. Caggia, a Director of Cohu Inc., constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The grant of equity compensation aligns the director's financial interests with shareholder value, potentially encouraging decisions that benefit long-term stock performance. There is a minor, theoretical dilutive effect upon settlement, but this is standard for equity compensation.
• Director (Andrew M. Caggia): Receives compensation in the form of equity, tying his personal wealth to the company's success.

Next Steps

• The granted Deferred Stock Units will be settled through the issuance of common stock upon the reporting person's termination of service as a director or at certain specified future dates.
• The Restricted Stock Units (RSUs) included in the beneficial ownership will vest assuming continued service to the Board.

Key Dates

Keywords

Cohu Inc., COHU, Andrew M. Caggia, Form 4, SEC filing, insider transaction, director compensation, restricted stock units, deferred stock units, equity grant, beneficial ownership