Form 4: Vishay Intertechnology Director Raanan Zilberman Reports Acquisition of Restricted Stock Units

Director Raanan Zilberman reports the acquisition of 10,626 restricted stock units in Vishay Intertechnology as part of the company's 2023 Long-Term Incentive Plan.

Summary

• Raanan Zilberman, a director of Vishay Intertechnology, reported the acquisition of 10,626 restricted stock units on January 2, 2025.
• These units were granted as part of the Registrant's 2023 Long-Term Incentive Plan.
• The restricted stock units vest upon the completion of a three-year period ending January 1, 2028.
• If Zilberman's service ceases before the end of the three-year period, the restricted stock units will vest pro rata to the portion of the three-year period served.
• Each restricted stock unit represents the right to receive one share of Vishay Intertechnology's common stock.
• Following the transaction, Zilberman beneficially owns 34,710 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative events or concerns.

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

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies to align management's interests with shareholders.

Comparison to Industry Standards

• Long-term incentive plans, including restricted stock units, are a standard component of executive compensation packages in the technology industry.
• Companies like Texas Instruments (TXN) and Analog Devices (ADI) also utilize similar equity-based compensation to incentivize their executives.
• The three-year vesting period is a typical timeframe for such grants, aligning with industry norms for retention and performance incentives.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the director's interests are aligned with the company's long-term success.
• Employees may see this as a standard part of executive compensation.

Key Dates