Form 4: Texas Instruments Director Curtis C. Farmer Reports Stock Unit Acquisition

Director Curtis C. Farmer reports acquisition of stock units convertible to common stock in Texas Instruments under the 2018 Director Compensation Plan.

Summary

• Curtis C. Farmer, a director of Texas Instruments, filed a Form 4 on September 24, 2024, reporting a transaction.
• The transaction involved the acquisition of stock units that convert to common stock on a one-for-one basis.
• On September 20, 2024, Farmer acquired 132.47 stock units at a price of $207.6.
• These stock units were credited under the Texas Instruments 2018 Director Compensation Plan and will be settled in common stock following Farmer's termination of service as a director.
• Following the reported transaction, Farmer beneficially owns 968.11 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.
• The director compensation plan aligns the interests of directors with those of shareholders.

Future Outlook

The stock units will be settled in common stock upon the director's termination of service, indicating a long-term alignment with the company's performance.

Industry Context

Director stock acquisitions are common in the technology industry as part of executive compensation packages, aligning management interests with shareholder value.

Comparison to Industry Standards

• Director compensation plans involving stock units are a standard practice among large publicly traded companies like Texas Instruments.
• Companies such as Intel (INTC) and Qualcomm (QCOM) also utilize similar equity-based compensation to incentivize their directors and executives.
• The vesting and settlement terms, such as those tied to the director's service, are typical in these arrangements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with long-term company performance.

Key Dates