Form 4: Vishay Intertechnology Executive Sells Shares to Cover Tax Obligations

A Vishay Intertechnology executive, Robert Barrett Hackett II, sold 662 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Robert Barrett Hackett II, a Senior Vice President at Vishay Intertechnology, sold 662 shares of the company's common stock on January 2, 2025.
• The sale was executed at a price of $16.94 per share.
• This transaction was to cover tax obligations arising from the vesting of time-based restricted stock units.
• Following the transaction, Mr. Hackett directly owns 6,754 shares of Vishay Intertechnology stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and is common among publicly traded companies. It does not indicate any specific trend or issue within the semiconductor industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies, including those in the semiconductor industry such as Texas Instruments (TXN), Analog Devices (ADI), and Microchip Technology (MCHP).
• These companies also frequently use restricted stock units as part of their compensation packages, leading to similar tax-related sales.
• The scale of this transaction is relatively small and does not suggest any unusual activity compared to typical executive stock transactions in the industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.

Key Dates

Keywords

Vishay Intertechnology, stock sale, insider trading, executive compensation, restricted stock units, tax obligations, VSH