Form 4: Vishay Intertechnology Executive Receives Stock Grant, Disposes of Shares
SEC Form 4 Filing
Michael Shamus O'Sullivan, EVP Chief Admin & Legal Officer of Vishay Intertechnology, received 8,016 restricted stock units and disposed of 11,660 common stock shares on February 27, 2024.
Summary
- On February 27, 2024, Michael Shamus O'Sullivan, EVP Chief Admin & Legal Officer of Vishay Intertechnology, engaged in transactions involving the company's stock.
- O'Sullivan acquired 8,016 restricted stock units as part of the company's 2023 Long-Term Incentive Plan.
- These restricted stock units vest ratably over a three-year period and represent the right to receive one share of Vishay Intertechnology's common stock each.
- O'Sullivan also disposed of 11,660 shares of common stock.
- Following these transactions, O'Sullivan beneficially owns 11,660 shares of Vishay Intertechnology.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects routine executive compensation and stock transactions.
Positives
- The grant of restricted stock units aligns O'Sullivan's interests with the long-term performance of Vishay Intertechnology.
Future Outlook
The restricted stock units vest over a three-year period, suggesting a commitment to the company's future.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock grant and disposal of shares. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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