Form 4: Texas Instruments Director Ronald Kirk Reports Stock and Option Awards

Director Ronald Kirk reports acquisition of restricted stock units and stock options in Texas Instruments.

Summary

• On January 27, 2025, Ronald Kirk, a director of Texas Instruments, reported the acquisition of 614 shares of common stock and 2,551 non-qualified stock options.
• The common stock was awarded as restricted stock units under the Texas Instruments 2018 Director Compensation Plan.
• The stock options have an exercise price of $187.03 and become exercisable in four equal installments beginning on January 27, 2026.
• Following the reported transactions, Kirk directly owns 14,937 shares of common stock and 2,551 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard director compensation practices, aligning director interests with shareholders through equity.

Positives

• The award of restricted stock units and stock options to a director aligns their 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 about the company's future performance, but the granting of stock options suggests an expectation of future value creation.

Industry Context

Director compensation packages, including stock options and restricted stock units, are common in the technology industry to incentivize executives and align their interests with shareholders. This filing reflects standard practice.

Comparison to Industry Standards

• Texas Instruments' director compensation plan, which includes stock options and restricted stock units, is a common practice among large technology companies such as Intel, Qualcomm, and NVIDIA.
• These companies often use equity-based compensation to align the interests of their directors and executives with those of their shareholders.
• The vesting schedules and exercise prices of these options are typically structured to incentivize long-term performance and value creation.

Stakeholder Impact

• The granting of stock options and restricted stock units to a director can positively impact shareholders by aligning the director's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates