Form 4: Vishay Intertechnology EVP Jeffrey Webster Reports Stock Transactions

EVP and Chief Operating Officer of Vishay Intertechnology, Jeffrey Webster, reports acquisition and disposal of company stock related to vesting of restricted stock units and tax liability coverage.

Summary

• Jeffrey Webster, EVP & Chief Operating Officer of Vishay Intertechnology, reported transactions involving the company's common stock on February 27, 2024.
• He acquired 4,411 shares upon the vesting of performance-based restricted stock units.
• He disposed of 2,206 shares to cover tax liabilities associated with the vesting at a price of $21.76 per share.
• He was also granted 29,684 restricted stock units as part of the company's 2023 Long-Term Incentive Program, which vest ratably over three years.
• Following these transactions, Webster beneficially owns 68,888 shares of Vishay Intertechnology common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine executive compensation transactions. No significant positive or negative implications are apparent.

Positives

• The vesting of performance-based restricted stock units suggests that performance targets were met.
• The grant of additional restricted stock units aligns Webster's interests with the long-term performance of the company.

Future Outlook

The restricted stock units granted will vest ratably over a three-year period, contingent on continued employment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's fundamentals.

Key Dates