Form 4: Texas Instruments Director Curtis C. Farmer Acquires Additional Stock Units

Texas Instruments Inc. Director Curtis C. Farmer has acquired 138.64 stock units under the company's 2018 Director Compensation Plan, increasing his beneficial ownership.

Summary

• Curtis C. Farmer, a Director of Texas Instruments Inc. (TXN), acquired 138.64 stock units.
• The transaction occurred on June 20, 2025.
• These stock units were credited under the Texas Instruments 2018 Director Compensation Plan.
• Each stock unit converts to one share of common stock on a one-for-one basis.
• The price of the derivative security (stock unit) was $198.35.
• Following this transaction, Mr. Farmer beneficially owns 1,483.2 derivative stock units directly.
• His direct beneficial ownership of common stock is 2,386 shares.
• End-of-period holdings of stock units include those acquired via dividend reinvestment from the 2018 Plan and prior director compensation plans.

Sentiment

Score: 7

Explanation: The acquisition of stock units by a director, as part of a compensation plan, is generally viewed positively as it aligns the director's interests with those of shareholders and indicates continued commitment to the company.

Positives

• The acquisition of stock units by a director indicates continued alignment of interests between management and shareholders.
• The transaction is part of a pre-existing, structured compensation plan, reflecting a standard and expected form of remuneration.

Future Outlook

The document does not contain specific forward-looking statements or guidance beyond the nature of the stock units converting to common stock upon termination of service.

Industry Context

This Form 4 filing details an individual director's compensation-related stock unit acquisition and does not provide broader industry context or trends. It reflects standard compensation practices within publicly traded companies, including those in the semiconductor industry, where equity-based compensation is common to align director interests with shareholder value.

Comparison to Industry Standards

• This filing is a standard disclosure of an insider transaction related to director compensation.
• Director compensation plans, often including equity components like stock units, are common across the industry to align director interests with shareholder value, similar to practices at companies like Intel (INTC) or Analog Devices (ADI).

Related Party Transactions

• The acquisition of 138.64 stock units by Director Curtis C. Farmer under the Texas Instruments 2018 Director Compensation Plan constitutes a transaction between a related party (director) and the issuer (company) as part of standard compensation.

Stakeholder Impact

• Shareholders: The acquisition of stock units by a director aligns their interests with shareholders, potentially fostering long-term value creation.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Stock units will be settled in common stock of Texas Instruments Inc. following Curtis C. Farmer's termination of service as a director.

Key Dates

Recommendation

Keywords

Texas Instruments, TXN, SEC Form 4, Insider Transaction, Director Compensation, Stock Units, Beneficial Ownership, Curtis C. Farmer, Semiconductor Industry