Form 4: Cohu Inc. CFO Jeffrey D. Jones Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jeffrey D. Jones, Sr. VP Finance & CFO of Cohu Inc., reports changes in beneficial ownership of company stock due to tax obligations and performance stock unit forfeitures.
Summary
- On March 14, 2024, Jeffrey D. Jones, Sr. VP Finance & CFO of Cohu Inc., had 4,231 common stock shares withheld to cover tax obligations upon the vesting of Restricted Stock Units (RSUs).
- On March 15, 2024, 1,164 performance stock units were forfeited because specified performance goals were not fully achieved.
- Also on March 15, 2024, 5,541 common stock shares were withheld to cover tax obligations upon the vesting of RSUs.
- Following these transactions, Jones beneficially owns 288,844 shares of Cohu Inc. common stock, which includes 109,068 RSUs that will convert into common stock upon vesting, assuming continued employment and achievement of performance goals.
Sentiment
Score: 5
Explanation: The document primarily reports routine transactions related to stock vesting and tax obligations, with a minor negative related to forfeited performance stock units. Overall, it's a neutral disclosure.
Negatives
- 1,164 performance stock units were forfeited because specified performance goals were not fully achieved.
Risks
- The vesting of 109,068 RSUs is contingent upon continued employment and the achievement of specified performance goals.
Future Outlook
The vesting of RSUs into common stock is contingent upon continued employment and achievement of specified performance goals.
Industry Context
Executive stock transactions are routinely monitored to gauge management's confidence in the company's prospects and to ensure compliance with securities regulations.
Stakeholder Impact
- Shareholders may be interested in executive stock ownership and compensation trends.
- Employees holding RSUs are directly affected by the vesting conditions and performance goals.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | 4,231 shares withheld for tax obligations upon RSU vesting |
| 03/15/2024 | 1,164 performance stock units forfeited |
| 03/15/2024 | 5,541 shares withheld for tax obligations upon RSU vesting |
| 03/18/2024 | Date of signature by Power of Attorney |
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