Form 4: Power Integrations CEO Balu Balakrishnan Reports Stock Transactions

Power Integrations CEO Balu Balakrishnan reports acquisition of shares through performance stock unit vesting and subsequent sale to cover tax obligations.

Summary

• On February 7, 2025, Balu Balakrishnan, President and CEO of Power Integrations, acquired 11,375 shares of common stock through the vesting of a Performance Stock Unit.
• These shares were acquired at a price of $0.00 as they represent the vesting of a performance-based award.
• Following this acquisition, Mr. Balakrishnan indirectly held 611,377 shares through a trust.
• On February 10, 2025, Mr. Balakrishnan sold 6,012 shares of common stock at a price of $58.2614 per share.
• This sale was executed to cover the tax liability associated with the vesting of the Performance Stock Unit.
• After the sale, Mr. Balakrishnan indirectly held 605,365 shares through a trust.
• The transactions were reported on February 11, 2025.

Sentiment

Score: 6

Explanation: The document reflects routine executive stock transactions related to compensation. It's neutral in sentiment as it simply reports facts.

Positives

• The vesting of the Performance Stock Unit indicates that Power Integrations met its performance conditions for 2024.

Industry Context

Executive stock transactions are a common occurrence and are often related to compensation packages. The sale of shares to cover tax liabilities is a standard practice.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates