Texas Instruments Director Pamela Patsley Receives Stock Award

What Happened

• Pamela H. Patsley, a director of Texas Instruments (TXN), was granted 106.53 stock units (reported as a derivative security) on 2026-09-18. The filing lists a per-share value of $258.14, for an aggregate award value of $27,500. This was an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-18. Form 4 filed: 2026-09-21.
• Grant: 106.53 stock units @ $258.14 each; aggregate value $27,500. Reported as a derivative (not immediate common stock).
• Shares owned after transaction: exact total beneficial ownership not specified in this filing; end-of-period holdings include these stock units per footnote F2.
• Footnotes:
  • F1: The derivative security converts to common stock on a one-for-one basis.
  • F2: These are stock units credited under the Texas Instruments 2018 Director Compensation Plan and will be settled in common stock following the reporting person’s termination of service; end-of-period holdings include units from dividend reinvestment.
• Filing timeliness: filing date is 3 days after the transaction (transaction 9/18; filed 9/21) as reported.

Context

• This transaction is a director compensation award (stock units) rather than a market purchase or sale. The units convert 1-for-1 to common shares and are to be settled in stock after Ms. Patsley leaves the board, which is standard practice for director compensation and does not necessarily reflect a current open-market investment decision.