Jain Gagan 4
Research Summary
AI-generated summary
Power Integrations VP Gagan Jain Receives Award, Sells Shares
What Happened
- Gagan Jain, VP, Worldwide Sales at Power Integrations (POWI), had 16,332 restricted shares vest (awarded) on Jan 27, 2026 (recorded at $0.00 cost) and an automatic sale of 995 shares occurred on Jan 29, 2026 at $46.50 per share, generating $46,268 in proceeds. The sale was an automatic tax-withholding transaction tied to the vesting of the restricted stock award rather than a discretionary sale.
Key Details
- Award (A): 16,332 shares on 2026-01-27, acquisition price reported $0.00 (restricted stock vesting).
- Sale (S): 995 shares on 2026-01-29 at $46.50 per share, total proceeds $46,268.
- Footnote: F1 indicates the sale was automatic to cover the tax liability from the vesting of the restricted stock award (tax-withholding).
- Beneficial ownership after the transactions: not specified in the provided summary—see the full Form 4 for post-transaction ownership details.
- Filing: Form filed 2026-01-29 (covers transactions on 1/27 and 1/29); filing appears to meet the standard two-business-day Form 4 reporting window.
Context
- This was a vesting of restricted stock with an associated automatic sale to satisfy tax withholding obligations (a common, routine administrative transaction). Such withholding sales are generally not viewed as a direct signal of the insider’s view on the company’s prospects.