Form 4: Cohu Inc. President & CEO Luis A. Muller Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Luis A. Muller, President & CEO of Cohu Inc., reports changes in beneficial ownership of company stock due to tax obligations and forfeiture of performance stock units.
Summary
- On March 14, 2024, shares were withheld to cover tax obligations upon vesting of Restricted Stock Units (RSUs).
- On March 15, 2024, performance stock units were forfeited because specified performance goals were not fully achieved.
- Also on March 15, 2024, additional shares were withheld to cover tax obligations upon vesting of RSUs.
- Following these transactions, Muller directly owns 720,877 shares of Cohu Inc. common stock, which includes 332,210 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. The forfeiture of performance stock units is a slightly negative event, but overall the sentiment is neutral.
Negatives
- 3,547 performance stock units were forfeited because specified performance goals were not fully achieved.
Future Outlook
The reported 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 insider transactions and is a standard practice for publicly traded companies. It provides transparency into the ownership changes of company executives.
Stakeholder Impact
- The changes in ownership may have a minor impact on shareholders due to the adjustments in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Shares withheld to cover tax obligations upon vesting of Restricted Stock Units (RSUs) |
| 03/15/2024 | Performance stock units forfeited due to not meeting performance goals |
| 03/15/2024 | Additional shares withheld to cover tax obligations upon vesting of RSUs |
| 03/18/2024 | Date of signature for the report |
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