Form 4: Cohu Inc. Director Karen Rapp Reports Acquisition and Disposal of Restricted Stock Units

Director Karen Marie Rapp reports acquiring and disposing of Cohu Inc. Restricted Stock Units (RSUs) on June 5, 2024.

Summary

• Karen Marie Rapp, a director of Cohu Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 5, 2024, Rapp acquired 4,918 Restricted Stock Units (RSUs) at a price of $0.
• These RSUs represent a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting.
• The RSUs vest on the earlier of (i) the one-year anniversary of the grant date (June 5, 2024) or (ii) the 2025 Cohu, Inc. Annual Meeting of Stockholders, assuming continued service to the Board of Directors.
• Rapp's total holdings following the reported transaction include 5,321 RSUs, which will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock upon vesting.
• The filing was signed by Jeffrey D. Jones, by Power of Attorney, on June 7, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.

Future Outlook

The RSUs will vest on the earlier of June 5, 2025, or the 2025 Cohu, Inc. Annual Meeting of Stockholders, assuming continued service to the Board of Directors.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a company director.

Key Dates