Form 4: Littelfuse Executive Receives Restricted Stock Units

Peter Sung-Jip Kim, a Senior Vice President at Littelfuse, was granted 4,253 restricted stock units on January 10, 2025.

Summary

• Peter Sung-Jip Kim, a Senior Vice President and General Manager of the Industrial Business at Littelfuse, Inc., received 4,253 restricted stock units.
• The grant was made on January 10, 2025, under the company's Amended and Restated Long-Term Incentive Plan.
• These restricted stock units will vest in full on the third anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

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.

Future Outlook

The restricted stock units will vest in full on the third anniversary of the grant date, which is a future event.

Industry Context

This type of equity grant is a common practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Restricted stock unit grants are a standard form of executive compensation in the technology and manufacturing sectors, similar to companies like Texas Instruments (TXN) and Analog Devices (ADI).
• The three-year vesting period is also typical for such grants, aligning with long-term performance goals.

Stakeholder Impact

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

Key Dates

Keywords

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