Form 4: Littelfuse Executive Alexander Conrad Receives Stock and Option Grants

Alexander Conrad, SVP & GM Passenger Vehicle at Littelfuse, Inc., reports the acquisition of restricted stock units and stock options.

Summary

• Alexander Conrad, a Senior Vice President and General Manager at Littelfuse Inc., reported a transaction on April 25, 2024.
• The transaction involved the acquisition of 1,505 shares of common stock through restricted stock units and 4,432 stock options.
• The restricted stock units vest in increments of one-third annually, starting on the first anniversary of the grant date.
• The stock options, with an exercise price of $230.39, also vest in increments of one-third annually, beginning on the first anniversary of the grant date, and expire on April 25, 2031.
• Following the reported transaction, Conrad directly owns 6,036 shares of common stock and 4,432 stock options.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, aligning management interests with shareholders.

Positives

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

Industry Context

This is a standard practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are common compensation tools used by companies like Littelfuse to align executive compensation with shareholder value.
• Companies such as Texas Instruments and Analog Devices also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The grant of stock options and restricted stock units can positively impact shareholders by aligning executive interests with long-term company performance.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates