IYER BALAKRISHNAN S 4

What Happened

• S. Balakrishnan Iyer, a director of Power Integrations, received an award of 2,491 restricted stock units (RSUs) on July 1, 2026. The units were reported as acquired at $0.00 (no cash paid at grant). This is an equity award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: July 1, 2026; filing date: July 6, 2026 (Form 4).
• Transaction type/code: Award/Grant (A). Price reported: $0.00.
• Shares acquired: 2,491 RSUs.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: These are restricted stock units that vest the earlier of one year from grant or the day before the next annual meeting of stockholders.
• Timeliness: The Form 4 was filed five days after the grant; Form 4s are normally required within two business days, so this filing appears late.

Context

• RSUs represent a promise to deliver shares on vesting and are commonly used as director compensation; they are not an immediate purchase or sale of stock and do not by themselves indicate intent to buy or sell. Tax and eventual value depend on Power Integrations’ share price at vesting.