Form 4: Littelfuse Executive Peter Sung-Jip Kim Reports Acquisition of Restricted Stock Units

Peter Sung-Jip Kim, SVP & GM Industrial Business at Littelfuse Inc, reports the acquisition of 2,163 restricted stock units.

Summary

• Peter Sung-Jip Kim, a Senior Vice President and General Manager at Littelfuse Inc., filed a Form 4 with the SEC on April 28, 2025.
• The report details a transaction on April 24, 2025, where Kim acquired 2,163 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the Amended and Restated Littelfuse, Inc. Long-Term Incentive Plan.
• The grant vests in increments of one-third annually, starting on the first anniversary of the grant date.
• Following the reported transaction, Kim beneficially owns 10,485 shares of Littelfuse Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard reporting of executive compensation. It reflects ongoing investment in the company by a key executive.

Positives

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

Future Outlook

The vesting schedule of the restricted stock units suggests a continued alignment of the executive's interests with the company's performance over the next three years.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders. This filing indicates ongoing participation in the company's long-term incentive plan.

Stakeholder Impact

• The grant of restricted stock units can positively impact shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Littelfuse, Restricted Stock Units, Beneficial Ownership, SEC Filing, LFUS, Executive Compensation