Form 4: Vishay Intertechnology EVP Lori Lipcaman Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
Lori Lipcaman, EVP & Chief Financial Officer of Vishay Intertechnology, reports the vesting of performance-based restricted stock units and subsequent tax withholding on February 27, 2024.
Summary
- On February 27, 2024, Lori Lipcaman, EVP & Chief Financial Officer of Vishay Intertechnology, had performance-based restricted stock units vest, resulting in the acquisition of 8,887 shares of common stock.
- Also on February 27, 2024, 2,947 shares of common stock were withheld at a price of $21.76 to cover the tax liability associated with the vesting of these restricted stock units.
- Following these transactions, Lipcaman directly owns 102,188 shares of Vishay Intertechnology common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Positives
- The vesting of performance-based restricted stock units suggests that performance targets were met.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of stock options aligns executive interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Vesting of performance-based restricted stock units and tax withholding. |
| 02/29/2024 | Date of Form 4 signature. |
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