Form 4: Texas Instruments Director Pamela Patsley Reports Stock Unit Acquisition

Director Pamela Patsley reports acquisition of stock units under the Texas Instruments 2018 Director Compensation Plan.

Summary

• Pamela H. Patsley, a director of Texas Instruments Inc. (TXN), reported a transaction on September 20, 2024.
• Patsley acquired stock units under the Texas Instruments 2018 Director Compensation Plan.
• These stock units, which convert to common stock on a one-for-one basis, will be settled in common stock following Patsley's termination of service as a director.
• The price of the stock units was $207.6.
• Patsley now beneficially owns 33,348 shares of common stock directly.
• Following the reported transaction, Patsley holds 61,135.84 derivative securities.
• The reported transaction involved the acquisition of 132.47 stock units.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing a routine transaction related to director compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common among publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Comparison to Industry Standards

• Director compensation plans involving stock units are a common practice among large publicly traded companies like Texas Instruments.
• Companies such as Intel (INTC), Qualcomm (QCOM), and NVIDIA (NVDA) also utilize similar equity-based compensation strategies for their directors to incentivize long-term performance and align their interests with those of shareholders.
• The specific terms and conditions of these plans, such as vesting schedules and settlement methods, can vary across companies but the underlying principle of equity-based compensation remains consistent.

Stakeholder Impact

• The acquisition of stock units by a director aligns their interests with those of shareholders, potentially incentivizing decisions that increase shareholder value.

Key Dates