Form 4: Vishay Intertechnology Director Timothy Talbert Reports Changes in Beneficial Ownership

Director Timothy Talbert reports changes in beneficial ownership of Vishay Intertechnology stock due to tax liability payment and restricted stock units grant.

Summary

• On January 2, 2025, Timothy Talbert, a director of Vishay Intertechnology Inc., reported changes in his beneficial ownership of the company's common stock.
• He disposed of 64 shares to cover tax liabilities at a price of $16.94 per share.
• Talbert also acquired 10,626 restricted stock units (RSUs) as part of the company's 2023 Long-Term Incentive Plan.
• These RSUs will vest on January 1, 2028, contingent upon continued service, with pro-rata vesting upon cessation of service before that date.
• Each RSU represents the right to receive one share of Vishay Intertechnology's common stock.
• Following these transactions, Talbert beneficially owns 111,034 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation and tax obligations. There are no overtly positive or negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The director continues to hold a significant number of shares, indicating confidence in the company's future.

Risks

• The vesting of the RSUs is contingent upon continued service, creating a potential risk if the director leaves the company before the vesting date.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates standard compensation practices through stock-based awards.

Comparison to Industry Standards

• Stock-based compensation is a common practice across the technology industry to align management's interests with shareholders.
• Companies like Texas Instruments and Analog Devices also utilize restricted stock units as part of their long-term incentive plans for executives.
• The vesting period of three years is fairly standard for such grants.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, providing transparency.
• Employees may be indirectly impacted by the long-term incentive plan, which aims to align management's interests with company performance.

Key Dates