Form 4: Wolfspeed Director Stacy Smith Awarded Restricted Stock Units

Wolfspeed director Stacy Smith was granted 18,834 restricted stock units, vesting in full on December 5, 2025.

Summary

• Director Stacy Smith of Wolfspeed, Inc. was awarded 18,834 restricted stock units.
• These restricted stock units will vest in full on December 5, 2025.
• The transaction was reported on a Form 4 filing with the SEC.
• The filing also includes a power of attorney document, authorizing Bradley D. Kohn to act on behalf of Stacy Smith for SEC filings.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of awarding restricted stock units to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The award of restricted stock units aligns the director's interests with the company's long-term performance.
• The vesting date of December 5, 2025, encourages long-term commitment from the director.

Industry Context

This is a standard practice for compensating directors and aligning their interests with the company's performance. The use of restricted stock units is common in the technology sector.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is a common practice across publicly traded companies, particularly in the technology sector.
• Companies like ON Semiconductor and Microchip Technology also use similar equity-based compensation for their directors.
• The vesting period of one year is fairly standard, although some companies may use longer or shorter vesting periods.

Stakeholder Impact

• The award of restricted stock units to a director is generally viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

restricted stock units, Form 4, insider trading, beneficial ownership, Wolfspeed, director, equity compensation, SEC filing