Form 4: GCT Semiconductor Director Nelson Chan Acquires Restricted Stock Units

Director Nelson Chan of GCT Semiconductor Holding, Inc. acquired 11,802 restricted stock units (RSUs) on December 31, 2024, under the company's 2024 Omnibus Incentive Compensation Plan.

Summary

• Nelson Chan, a director of GCT Semiconductor Holding, Inc., acquired 11,802 restricted stock units (RSUs) on December 31, 2024.
• These RSUs were granted under the company's 2024 Omnibus Incentive Compensation Plan.
• The number of shares was determined by dividing $27,500 by the fair market value of the common stock on December 31, 2024, which was $2.33 per share.
• The RSUs will vest on March 31, 2025, contingent upon continued service through that date.
• Each RSU represents the right to receive one share of common stock upon vesting.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant to a director, which is a positive sign of alignment but not a major event. The sentiment is neutral to slightly positive.

Positives

• The grant of RSUs to a director aligns their interests with the company's performance.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The RSUs will vest on March 31, 2025, subject to continued service.

Industry Context

This is a standard practice for incentivizing directors and aligning their interests with the company's long-term performance in the semiconductor industry.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice in the technology and semiconductor industries.
• Companies like Qualcomm, Broadcom, and Nvidia also use equity-based compensation to incentivize their directors and key personnel.
• The vesting period of approximately three months is relatively short compared to some companies that may have vesting periods of one to four years.
• The value of the grant is relatively small compared to the overall compensation packages of directors in larger companies.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning director interests with company performance.
• Employees may see this as a standard practice for incentivizing leadership.

Next Steps

• The director will need to continue their service through March 31, 2025, for the RSUs to vest.

Key Dates

Keywords

Restricted Stock Units, RSU, Director, GCT Semiconductor, Equity Compensation, Incentive Plan, Beneficial Ownership