Form 4: Keysight Technologies SVP Gooi Soon Chai Reports Stock Award and RSU Grant

Keysight Technologies' Senior Vice President, Gooi Soon Chai, received 5,385 shares of common stock and 12,628 restricted stock units on November 20, 2024.

Summary

• Gooi Soon Chai, a Senior Vice President at Keysight Technologies, Inc., reported changes in beneficial ownership of company stock.
• On November 20, 2024, Mr. Gooi was awarded 5,385 shares of common stock under the company's Long-Term Performance Program.
• Additionally, he received 12,628 restricted stock units (RSUs) under the Keysight 2014 Equity and Incentive Compensation Plan.
• The RSUs will vest in equal installments over the first four anniversaries of the grant date.
• Mr. Gooi's total direct holdings after these transactions are 257,701.893 shares, which includes 200.471 shares acquired through an Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The stock award and RSU grant indicate the company's commitment to incentivizing its executives.
• The vesting schedule of the RSUs encourages long-term performance and retention of the executive.
• The increase in share ownership aligns the executive's interests with those of the shareholders.

Industry Context

This type of stock award and RSU grant is a common practice in the technology industry to align executive compensation with company performance and shareholder value.

Comparison to Industry Standards

• Stock awards and RSU grants are standard compensation practices for executives in publicly traded technology companies like Keysight.
• Companies such as Texas Instruments, Analog Devices, and National Instruments also use similar equity-based compensation plans to incentivize their leadership teams.
• The vesting schedule of four years is also a common practice to ensure long-term commitment from executives.

Stakeholder Impact

• The stock award and RSU grant may be viewed positively by shareholders as it aligns executive interests with company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Keysight Technologies, Gooi Soon Chai, stock award, restricted stock units, RSUs, executive compensation, beneficial ownership, equity incentive plan