Form 4: Vishay Director Malvisi Awarded 13,802 Restricted Stock Units

Vishay Intertechnology Director John Malvisi was granted 13,802 restricted stock units as part of the company's 2023 Long-Term Incentive Plan.

Summary

• John Malvisi, a Director of Vishay Intertechnology Inc. (VSH), acquired 13,802 shares of common stock.
• The acquisition was a grant of restricted stock units (RSUs) on January 2, 2026, with a transaction price of $0 per unit.
• These RSUs are part of the Registrant's 2023 Long-Term Incentive Plan.
• The restricted stock units 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 RSUs will vest pro rata.
• Following this transaction, John Malvisi beneficially owns a total of 40,866 shares of common stock.
• Each restricted stock unit represents a right to receive one share of the Registrant's common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive event, as it aligns the director's long-term interests with those of the shareholders, indicating confidence and commitment. It is a routine compensation event, not an extraordinary positive or negative.

Positives

• The grant of restricted stock units to a director aligns management's interests with those of shareholders, encouraging long-term performance.
• The increase in beneficial ownership by a director demonstrates continued commitment to the company's future.

Future Outlook

The restricted stock units are subject to a three-year vesting period, concluding on January 1, 2029, indicating a long-term incentive structure for the director.

Industry Context

This transaction is a standard form of executive and director compensation within publicly traded companies, aiming to align leadership incentives with long-term shareholder value creation in the technology sector.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) with a multi-year vesting schedule is a common practice in the technology and manufacturing industries for executive and director compensation, similar to companies like Intel, Texas Instruments, or Analog Devices, which also utilize equity-based incentives to retain talent and align interests.
• A $0 transaction price for RSU grants is standard, as these are typically awarded as compensation rather than purchased.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to John Malvisi, a Director, constitutes a related party transaction, which is a standard component of director compensation under the company's approved incentive plan.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value creation, potentially leading to more focused strategic decisions.
• Employees: The long-term incentive plan, of which this grant is a part, sets a precedent for performance-based compensation within the company's leadership.

Next Steps

• The restricted stock units will vest upon the completion of the three-year period ending January 1, 2029, or pro rata upon cessation of service prior to that date.

Key Dates

Keywords

VISHAY INTERTECHNOLOGY, VSH, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Long-Term Incentive Plan