Form 4: Littelfuse SVP Matthew Cole Reports Acquisition of Stock and Stock Options

Matthew Cole, SVP of eMobility & Corporate Strategy at Littelfuse, reports the acquisition of common stock and stock options.

Summary

• On April 25, 2024, Matthew Cole, SVP of eMobility & Corporate Strategy at Littelfuse Inc., reported acquiring 1,272 shares of common stock and 3,744 stock options.
• The common stock was acquired at a price of $0.
• Following the transaction, Cole directly owns 6,116 shares of common stock.
• The stock options have an exercise price of $230.39 and expire on April 25, 2031.
• The options vest in increments of one-third annually beginning 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 sentiment is neutral. It's a standard disclosure of stock and option grants to an executive, indicating alignment with company goals but not necessarily a major positive or negative event.

Positives

• The acquisition of stock and stock options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The stock options vest in increments of one-third annually beginning on the first anniversary of the date of grant, and the restricted stock units also vest in increments of one-third annually beginning on the first anniversary of the grant date.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel and their alignment with shareholder interests.

Comparison to Industry Standards

• Stock option grants and restricted stock units are common forms of executive compensation in publicly traded companies like Littelfuse.
• Companies such as TE Connectivity, Eaton Corporation, and Sensata Technologies also utilize similar equity-based compensation plans to incentivize their executives.
• The vesting schedules (one-third annually) are standard practice to encourage long-term commitment from the executive.

Stakeholder Impact

• Shareholders may view the executive's increased stake in the company positively, as it aligns management's interests with their own.

Key Dates