Form 4: Vishay Intertechnology Director Michael J. Cody Reports Stock Transactions

Director Michael J. Cody of Vishay Intertechnology reported the acquisition of restricted stock units and the withholding of shares for tax obligations.

Summary

• Michael J. Cody, a director at Vishay Intertechnology, reported transactions involving the company's common stock on January 2, 2025.
• These transactions included the withholding of 64 shares to cover tax liabilities related to vesting restricted stock units at a price of $16.94 per share.
• Additionally, Mr. Cody acquired 10,626 restricted stock units as part of the company's 2023 Long-Term Incentive Plan.
• The restricted stock units will vest on January 1, 2028, after a three-year period, with pro-rata vesting upon cessation of service before this date.
• The report also notes that Mr. Cody's holdings include 556 shares acquired through dividend reinvestment.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions and compensation practices, indicating a neutral to slightly positive sentiment due to the long-term incentive alignment.

Positives

• The grant of 10,626 restricted stock units indicates continued alignment of director interests with the company's long-term performance.
• The dividend reinvestment shows a commitment to long-term ownership of the company's stock.

Risks

• The vesting of restricted stock units is contingent on continued service, which could be a risk if the director's service is terminated before the vesting date.

Future Outlook

The restricted stock units will vest on January 1, 2028, contingent on continued service.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is common practice in publicly traded companies.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units is a common practice in the technology industry for long-term incentive plans.
• The use of Form 4 filings is standard procedure for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning director interests with long-term company performance.

Key Dates

Keywords

Vishay Intertechnology, Director, Stock Transactions, Restricted Stock Units, Long-Term Incentive Plan, Form 4, Beneficial Ownership