Form 4: Diodes Inc. CEO Keh-Shew Lu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Keh-Shew Lu reports changes in beneficial ownership of Diodes Inc. stock due to tax withholding and adjustments in performance stock units.
Summary
- Keh-Shew Lu, CEO of Diodes Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 24, 2025, 3,148 shares were disposed of to cover income tax on vested restricted stock units at a price of $54.26 per share.
- Lu directly owns 103,791 shares of Diodes Incorporated Common Stock.
- Lu indirectly owns 46,150 shares in custodial accounts for minor grandchildren, 275,791 shares in the Lu Grandchildren's Trust, 6,000 shares in The Lu Family Foundation, 4,700 shares in The Lu 2017 Irrevocable Trust and 246,492 shares in Texastac Investments, LP.
- The amount of securities beneficially owned was decreased by 32,000 shares because the 2022 PSU Award had no settlement of shares.
- Lu also holds 92,000 Performance Stock Units (PSUs) which represent a contingent right to receive 1 share of Diodes Incorporated Common Stock each under the company's 2022 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction involving disposal of shares for tax withholding. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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