Form 4: Cohu Inc. Executive Thomas Kampfer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas Kampfer, Sr. VP Corp Dev, GC & Sec 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, Thomas Kampfer had 1,938 common stock shares withheld to cover tax obligations upon vesting of Restricted Stock Units (RSUs).
- On March 15, 2024, 568 Performance Stock Units were forfeited because specified performance goals were not fully achieved.
- On March 15, 2024, 2,612 common stock shares were withheld to cover tax obligations upon vesting of RSUs.
- Following these transactions, Kampfer beneficially owns 55,964 shares of Cohu Inc. common stock, which includes 38,621 RSUs that will convert into common stock upon vesting.
Sentiment
Score: 6
Explanation: The document is neutral, reporting standard transactions related to executive compensation. The forfeiture of performance stock units is a slightly negative element, but overall the filing is routine.
Negatives
- 568 Performance Stock Units were forfeited because specified performance goals were not fully achieved.
Future Outlook
The 38,621 RSUs will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock immediately upon the vesting dates (assuming continued employment and achievement of specified performance goals).
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The forfeiture of performance stock units may slightly impact employee morale.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | 1,938 shares withheld for tax obligations on RSU vesting. |
| 03/15/2024 | 568 Performance Stock Units forfeited. |
| 03/15/2024 | 2,612 shares withheld for tax obligations on RSU vesting. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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