Form 4: Littelfuse EVP Ryan Stafford Receives Stock and Option Awards

Ryan Stafford, EVP, CLO & Corp Secretary of Littelfuse Inc., reports the acquisition of restricted stock units and stock options.

Summary

• On April 25, 2024, Ryan Stafford, EVP, CLO & Corp Secretary of Littelfuse Inc., was granted 3,473 shares of common stock as restricted stock units.
• These restricted stock units vest in increments of one-third annually, starting on the first anniversary of the grant date.
• Stafford also received options to purchase 10,226 shares of common stock at an exercise price of $230.39.
• These options also vest in increments of one-third annually, beginning on the first anniversary of the grant date, and expire on April 25, 2031.
• Following these transactions, Stafford directly owns 27,290 shares of Littelfuse Inc. common stock and options for 10,226 shares.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management with shareholder interests. The vesting schedule promotes long-term commitment.

Positives

• The grant of restricted stock units and stock options aligns Ryan Stafford's interests with those of Littelfuse Inc.'s shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The restricted stock units and stock options vest over time, incentivizing continued service and performance.

Industry Context

Stock and option grants are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Stakeholder Impact

• Shareholders: Aligns executive compensation with company performance.
• Employees: Provides insight into executive compensation structure.
• Executive: Incentivizes long-term commitment and performance.

Key Dates