Form 4: Texas Instruments Director Receives Stock and Options Award

Director Carrie Smith Cox receives restricted stock units and stock options from Texas Instruments.

Summary

• Carrie Smith Cox, a director at Texas Instruments, reported a transaction on January 27, 2025.
• She acquired 614 shares of common stock through an award of restricted stock units under the Texas Instruments 2018 Director Compensation Plan.
• She also acquired 2,551 non-qualified stock options with an exercise price of $187.03.
• The stock options become exercisable in four equal installments beginning on January 27, 2026.
• Following the reported transaction, Cox beneficially owns 37,101 shares of common stock and 2,551 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard compensation practices for a director, indicating alignment of interests with shareholders.

Positives

• The award of restricted stock units and stock options aligns the director's interests with those of the shareholders.
• The vesting schedule of the stock options encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the stock options suggests an expectation of continued service from the director.

Industry Context

Stock and options awards are a common form of compensation for directors of publicly traded companies, aligning their interests with those of shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Director compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Texas Instruments.
• Companies such as Intel (INTC), Qualcomm (QCOM), and NVIDIA (NVDA) also utilize similar compensation strategies to attract and retain qualified board members.
• The specific amounts and vesting schedules can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The stock and options award aligns the director's interests with those of shareholders, potentially leading to decisions that enhance shareholder value.

Key Dates