Form 4: Vishay Director Granted 13,802 Restricted Stock Units

Vishay Intertechnology Director Ruta Zandman received a grant of 13,802 restricted stock units as part of the company's 2023 Long-Term Incentive Plan.

Summary

• Ruta Zandman, a Director of Vishay Intertechnology Inc. (VSH), was granted 13,802 restricted stock units (RSUs).
• The grant occurred on January 2, 2026, and is part of the Registrant's 2023 Long-Term Incentive Plan.
• Each restricted stock unit represents a right to receive one share of the company's common stock.
• The RSUs are scheduled to vest upon the completion of a three-year period ending January 1, 2029.
• In the event of cessation of service prior to the three-year period, the restricted stock units will vest pro rata.
• Following this transaction, Ruta Zandman beneficially owns 102,935 shares of common stock, which includes the newly granted RSUs.

Sentiment

Score: 6

Explanation: The filing reports a routine grant of restricted stock units to a director, which is a positive for aligning management and shareholder interests, but does not contain information that would significantly alter the company's financial outlook or operational performance.

Positives

• The grant of restricted stock units aligns the interests of Director Ruta Zandman with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The three-year vesting period encourages long-term commitment and strategic focus from the director.

Future Outlook

The restricted stock units are scheduled to vest upon the completion of a three-year period ending January 1, 2029, subject to continued service or pro-rata vesting upon earlier cessation of service.

Industry Context

Granting restricted stock units (RSUs) to directors is a common practice in publicly traded companies to incentivize long-term performance and align leadership interests with shareholder value. This practice is a standard component of executive and director compensation packages across various industries, including the technology and manufacturing sectors where Vishay Intertechnology operates.

Comparison to Industry Standards

• The use of restricted stock units with a multi-year vesting schedule is a standard compensation practice for directors in publicly traded companies, aligning their long-term interests with shareholder value.
• This type of equity grant is consistent with compensation structures observed in similar-sized companies within the semiconductor and electronic components industry.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to a director is a related party transaction, which is a standard form of compensation disclosed as required by SEC regulations.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value creation.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• The restricted stock units will vest over a three-year period, concluding on January 1, 2029.

Key Dates

Keywords

Vishay Intertechnology, VSH, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Long-Term Incentive Plan, Equity Grant