Form 4: Wolfspeed Director John C. Hodge Acquires Shares as Part of Compensation Plan

Director John C. Hodge acquired 1,200 shares of Wolfspeed, Inc. common stock as part of a non-employee director compensation program.

Summary

• On November 8, 2024, John C. Hodge, a director of Wolfspeed, Inc., acquired 1,200 shares of the company's common stock.
• The acquisition was part of the Wolfspeed, Inc. Non-Employee Director Stock Compensation and Deferral Program.
• The shares were acquired at a price of $8.33 per share.
• Following the transaction, Hodge directly owns 27,164 shares of Wolfspeed common stock.
• The filing also includes a power of attorney granted by John C. Hodge to Bradley D. Kohn in 2022, authorizing him to file Section 16 reports on Hodge's behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through a compensation plan, indicating confidence. It's a routine transaction, so the impact is moderate.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The stock compensation program aligns director interests with those of shareholders.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Comparison to Industry Standards

• Director stock compensation is a common practice among publicly traded companies to align the interests of directors with those of shareholders.
• The amount of stock granted as compensation varies widely depending on the company's size, industry, and compensation policies.
• Similar filings are made by directors and officers of companies like Texas Instruments (TXN), Analog Devices (ADI), and STMicroelectronics (STM) when they acquire or dispose of company stock.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates director confidence in the company's future.

Key Dates