Form 4: Power Integrations VP Gagan Jain Sells Shares to Cover Tax Obligations

Gagan Jain, VP of Worldwide Sales at Power Integrations, sold shares of common stock on April 2, 2025, to cover tax liabilities associated with the vesting of a restricted stock award.

Summary

• Gagan Jain, VP of Worldwide Sales at Power Integrations, sold shares of common stock on April 2, 2025.
• The sales were executed to cover the tax liability associated with the vesting of a Restricted Stock Award.
• A total of 392 shares were sold at a price of $50.8867 per share.
• Following the transactions, Jain directly owns 20,641 shares of Power Integrations common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock). It's neutral in sentiment as it doesn't indicate positive or negative performance for the company.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock awards are a common practice among corporate executives. This transaction reflects a standard part of executive compensation and equity management.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Form 4, Stock Sale, Gagan Jain, Power Integrations, POWI, Restricted Stock Award, Tax Liability, Insider Trading