Form 4: Littelfuse Executive Nayar Deepak Reports Stock and Option Grants

Deepak Nayar, SVP & GM Electronics Business at Littelfuse, reports the acquisition of restricted stock units and stock options.

Summary

• On April 25, 2024, Deepak Nayar, SVP & GM Electronics Business at Littelfuse Inc., reported changes in beneficial ownership.
• Nayar acquired 2,377 shares of common stock through a grant of restricted stock units, priced at $0.
• Following the transaction, Nayar directly owns 6,465 shares of common stock.
• Nayar also acquired options to purchase 6,999 shares of common stock at an exercise price of $230.39, which expire on April 25, 2031.
• These options vest in increments of one-third annually, starting on the first anniversary of the grant date.
• The restricted stock units also vest in increments of one-third annually, beginning on the first anniversary of the grant date.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock and option grants, which is neutral to slightly positive as it aligns executive interests with shareholder value.

Positives

• The grant of restricted stock units and stock options to a key executive like Deepak Nayar aligns his interests with the long-term performance of Littelfuse.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the grants as a positive sign, aligning executive compensation with company performance.

Key Dates