Form 4: Vishay Intertechnology Executive Chairman Marc Zandman Sells Shares Under 10b5-1 Plan

Marc Zandman, Executive Chairman & Chief Business Development Officer of Vishay Intertechnology, sold 26,154 shares of common stock on March 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 4, 2024, Marc Zandman, the Executive Chairman & Chief Business Development Officer of Vishay Intertechnology, sold 26,154 shares of the company's common stock.
• The sale was executed under a Rule 10b5-1 trading plan previously adopted by Zandman.
• The shares were sold at a weighted average price of $22.83, with individual transaction prices ranging from $22.75 to $22.95.
• Following the transaction, Zandman directly owns 73,678 shares of Vishay Intertechnology.
• The reporting person will provide full information regarding the number of shares sold at each separate price within the specified range upon request.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily indicate a change in the executive's confidence in the company.

Industry Context

Sales by executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, but the pre-planned nature of the sale mitigates concerns about insider information.

Key Dates