Form 4: Cohu Inc. Director William Bendush Reports Changes in Beneficial Ownership
SEC Form 4
Director William Bendush reports acquisition of restricted stock units and indirect ownership of common stock through a living trust.
Summary
- On June 5, 2024, William Bendush, a director of Cohu Inc., reported acquiring 4,918 restricted stock units (RSUs).
- These RSUs will vest on the earlier of June 5, 2025, or the 2025 Annual Meeting of Stockholders, assuming continued service on the Board.
- Each RSU represents a contingent right to receive one share of Cohu Inc. common stock upon vesting.
- Bendush also reported indirect ownership of 34,162 shares of common stock held by the Bendush Living Trust.
- These shares were previously reported as direct holdings.
Sentiment
Score: 5
Explanation: This is a neutral report on stock ownership changes by a company director. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The RSUs will vest on the earlier of June 5, 2025, or the 2025 Annual Meeting of Stockholders, assuming continued service to the Board of Directors.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, as it reflects insider activity.
- The vesting of RSUs could potentially dilute existing shareholders slightly in the future.
Key Dates
| Date | Description |
|---|---|
| 1987-03-25 | Date of the Bendush Living Trust |
| 2024-06-05 | Date of transaction: Acquisition of Restricted Stock Units and Common Stock |
| 2024-06-05 | Grant date of Restricted Stock Units |
| 2024-06-07 | Date of signature for the report |
| 2025-06-05 | Potential vesting date of Restricted Stock Units |
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