Castiel David 4
Research Summary
AI-generated summary
Silicom (SILC) VP Castiel David Receives RSU Settlement
What Happened
- Castiel David, VP Engineering at Silicom Ltd. (SILC), had restricted stock units (RSUs) vest and settle on 2026-06-14. The filing shows 2,000 shares acquired on settlement and a matching 2,000 shares disposed at $0.00. No cash proceeds were reported.
- This was not an open-market buy or sale of shares for cash but the settlement of equity awards under the company plan. Disposition at $0.00 commonly reflects shares withheld or transferred to satisfy tax or plan obligations rather than a sale for cash.
Key Details
- Transaction date: 2026-06-14 (reported in Form 4 filed 2026-06-16).
- Reported transactions: 2,000 shares acquired via RSU settlement; 2,000 shares disposed at $0.00.
- Price: N/A for the acquired shares; $0.00 for the disposed shares (no cash proceeds).
- Footnotes: F1–F3 note these were RSUs (each converts to one ordinary share), they vested in full on the transaction date, and the securities are held by a trustee under the issuer’s equity incentive plan.
- Shares owned after the transaction: Not specified in the provided filing.
- Timeliness: Filed within two business days of the transaction date (appears timely).
Context
- RSU settlements are routine compensation events; the acquisition reflects receipt of vested shares and the $0.00 disposition typically indicates shares withheld/transferred under the plan for taxes or administrative purposes (not an open-market sale).
- This transaction is informational about compensation and does not necessarily signal buying or selling intent in the market.