Form 4: Vishay Intertechnology Exec Hackett II Reports Stock Grant and Disposal
SEC Form 4 Filing
Robert Barrett Hackett II, Sr VP Global HR at Vishay Intertechnology, reports acquisition of restricted stock units and disposal of common stock.
Summary
- Robert Barrett Hackett II, a Senior VP at Vishay Intertechnology, filed a Form 4 detailing changes in beneficial ownership.
- On February 27, 2024, Hackett acquired 5,726 restricted stock units (RSUs) as part of the company's 2023 Long-Term Incentive Plan.
- These RSUs vest ratably over three years and represent the right to receive one share of Vishay's common stock each.
- Hackett also disposed of 7,637 shares of common stock on the same date.
- Following these transactions, Hackett directly owns 7,637 shares of Vishay Intertechnology.
- The filing was signed by David L. Tomlinson as attorney-in-fact for Robert Barrett Hackett II on February 29, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The restricted stock units vest ratably over a three-year period, contingent on continued service.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock grant and disposal of common stock |
| 02/29/2024 | Date of Form 4 filing |
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