Form 4: Ruta Zandman Receives Restricted Stock Units in Vishay Intertechnology Incentive Plan

Director Ruta Zandman was granted 10,626 restricted stock units under Vishay Intertechnology's 2023 Long-Term Incentive Plan.

Summary

• Ruta Zandman, a director of Vishay Intertechnology Inc., received 10,626 restricted stock units on January 2, 2025, as part of the company's 2023 Long-Term Incentive Plan.
• These restricted stock units vest upon completion of a three-year period ending January 1, 2028.
• If Zandman's service ends before this three-year period, the restricted stock units will vest upon cessation of service, but the number of units will be reduced proportionally to the unserved portion of the period.
• Each restricted stock unit represents the right to receive one share of Vishay Intertechnology's common stock.
• Following this transaction, Zandman directly owns 89,133 shares of Vishay Intertechnology common stock.

Sentiment

Score: 7

Explanation: The document indicates standard executive compensation practices, suggesting stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Risks

• The pro-rata vesting clause means that if the director leaves the company before the end of the three-year period, they will forfeit a portion of the restricted stock units.

Future Outlook

The restricted stock units are designed to incentivize long-term performance and retention of the director.

Industry Context

Grants of restricted stock units are a common practice in corporate governance to align the interests of directors and management with those of shareholders.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it aligns the director's interests with the company's long-term success.
• Employees may see this as a positive sign of the company investing in its leadership.

Key Dates