Form 4: Littelfuse Executive Chad Marak Receives Restricted Stock Units

Chad Marak, SVP & GM of Semiconductor Business at Littelfuse, Inc., was granted 4,253 restricted stock units on January 10, 2025, which will vest in full on the third anniversary of the grant date.

Summary

• Chad Marak, a Senior Vice President and General Manager at Littelfuse, Inc., received 4,253 restricted stock units.
• The grant was made on January 10, 2025, under the company's Long-Term Incentive Plan.
• These restricted stock units will vest completely on the third anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice, which is generally viewed neutrally to slightly positive as it aligns executive interests with company performance.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

The granting of restricted stock units is a common practice in the technology and manufacturing industries to incentivize and retain key executives.

Comparison to Industry Standards

• Many companies in the semiconductor and electronics manufacturing sector use restricted stock units as part of their executive compensation packages.
• The vesting period of three years is a fairly standard practice for such grants, aligning with long-term strategic goals.

Stakeholder Impact

• The grant of restricted stock units may have a slightly positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates

Keywords

restricted stock units, stock grant, executive compensation, Littelfuse, insider trading, equity