Form 4: Texas Instruments Director Pamela Patsley Reports Acquisition of Stock Units

Director Pamela Patsley reported the acquisition of stock units in Texas Instruments under the company's 2018 Director Compensation Plan.

Summary

• Pamela Patsley, a director of Texas Instruments, filed a Form 4 with the SEC.
• The filing reports the acquisition of stock units under the Texas Instruments 2018 Director Compensation Plan on March 22, 2024.
• Patsley acquired 217.28 stock units, which convert to common stock on a one-for-one basis.
• The price of the derivative security was $172.59.
• These stock units will be settled in common stock following Patsley's termination of service as a director.
• Patsley directly owns 33,348 shares of common stock.
• Following the reported transaction, Patsley beneficially owns 60,041.43 derivative securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard regulatory filing reporting a routine transaction.

Positives

• The acquisition of stock units reflects continued alignment of the director's interests with those of the shareholders.

Future Outlook

The stock units will be settled in common stock of the Issuer following the reporting person's termination of service as a director of the Issuer.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates