Form 4: Wolfspeed Director Stacy J. Smith Acquires Shares as Compensation

Director Stacy J. Smith acquired 1,558 shares of Wolfspeed, Inc. common stock as part of a non-employee director compensation program.

Summary

• On August 23, 2024, Stacy J. Smith, a director of Wolfspeed, Inc., acquired 1,558 shares of the company's common stock.
• The shares were acquired as compensation in lieu of cash under the Wolfspeed, Inc. Non-Employee Director Stock Compensation and Deferral Program.
• The price per share was $12.83.
• Following the transaction, Smith directly owns 20,581 shares of Wolfspeed common stock.
• Bradley D. Kohn, as agent for Stacy Smith, signed the report on August 26, 2024.
• Stacy Smith previously granted power of attorney to Bradley D. Kohn on January 23, 2023, to handle SEC filings related to her Wolfspeed holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The acquisition is part of a standard compensation program, so it's not a major surprise.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The use of stock compensation aligns director interests with shareholder value.

Industry Context

Director stock acquisitions are common and often viewed positively, as they align the interests of company leadership with those of shareholders. This transaction is part of a standard non-employee director compensation program.

Comparison to Industry Standards

• Stock compensation for board members is a common practice across the technology industry, including companies like GlobalFoundries, Infineon, and STMicroelectronics.
• The amount of stock granted as compensation is generally in line with industry averages for companies of Wolfspeed's size and market capitalization.
• Many companies use similar stock compensation and deferral programs to attract and retain qualified board members.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.
• The stock compensation plan helps align the interests of the board with those of the shareholders.

Key Dates