Form 4: Vishay Intertechnology Director Abraham Ludomirski Receives Stock Grant
SEC Form 4
Director Abraham Ludomirski received 10,626 restricted stock units from Vishay Intertechnology's 2023 Long-Term Incentive Plan.
Summary
- Abraham Ludomirski, a director at Vishay Intertechnology, received 10,626 restricted stock units on January 2, 2025.
- The grant is part of the company's 2023 Long-Term Incentive Plan.
- These restricted stock units vest after a three-year period, ending on January 1, 2028.
- Each restricted stock unit represents the right to receive one share of Vishay Intertechnology's common stock.
- If Ludomirski's service ends before the three-year period, the restricted stock units will vest pro rata based on the portion of the period served.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.
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.
Future Outlook
The document does not contain any specific forward-looking statements beyond the vesting schedule of the restricted stock units.
Industry Context
This type of stock grant is a common practice in the industry to incentivize and retain key personnel, aligning their interests with the company's long-term success.
Comparison to Industry Standards
- Stock grants are a typical component of executive compensation packages in the technology and electronics manufacturing industries.
- Companies like Texas Instruments and Analog Devices also use similar long-term incentive plans to reward and retain key employees.
- The vesting period of three years is fairly standard for restricted stock units.
Stakeholder Impact
- The stock grant could have a minor positive impact on shareholder sentiment as it aligns director interests with company performance.
- Employees may view this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Abraham Ludomirski acquired 10,626 shares of Common Stock. |
| 01/02/2025 | Date of grant of restricted stock units. |
| 01/06/2025 | Date of signature of the form. |
| 01/01/2028 | Vesting date for the restricted stock units. |
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