Li Xun 4
4 · POWER SOLUTIONS INTERNATIONAL, INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Power Solutions (PSIX) CFO Li Xun Exercises SARs; Shares Withheld
What Happened
Li Xun, Chief Financial Officer of Power Solutions International (PSIX), exercised 7,500 stock appreciation rights (SARs) on February 12, 2026. The filing shows an exercise price of $2.00 per share (total $15,000). Upon net settlement, Li received 4,071 common shares; 3,429 underlying shares were withheld (disposed) to cover the exercise price and withholding tax obligations, valued at $92.72 per share (≈ $317,937).
Key Details
- Transaction date: February 12, 2026 (Form 4 filed February 17, 2026 — 5 days after the transaction; may be late for a Form 4 filing).
- Exercise: 7,500 SARs exercised; exercise price shown as $2.00/share (total $15,000).
- Withholding: 3,429 shares withheld at $92.72/share ≈ $317,937 to pay exercise price and taxes (code F).
- Net shares received: 4,071 shares delivered to Li Xun.
- Shares owned after transaction: not specified in the provided summary.
- Footnotes: F1 confirms the 4,071 net shares delivered and 3,429 shares withheld; F2 notes an SAR vests and becomes exercisable on September 2, 2026 (as stated in the filing).
Context
- This was a cashless/net settlement of SARs — common practice where some shares are withheld to cover exercise costs and taxes rather than the executive paying cash.
- Net acquisition of 4,071 shares is an insider acquisition event, but because part of the position was withheld to pay costs, it’s different from an open-market purchase.
- No 10b5-1 plan, gifts, or open-market sale were reported in this filing; the transaction reflects the vest/exercise mechanics for an equity award.
Insider Transaction Report
Form 4
Li Xun
CFO
Transactions
- Exercise/Conversion
Common Stock
2026-02-12$2.00/sh+7,500$15,000→ 8,021 total - Tax Payment
Common Stock
[F1]2026-02-12$92.72/sh−3,429$317,937→ 4,592 total - Exercise/Conversion
Stock Appreciation Rights
[F2]2026-02-12−7,500→ 7,500 totalExercise: $2.00Exp: 2032-09-02→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]The reporting person received 4,071 shares of common stock upon the net exercise of 7,500 stock appreciation rights ("SARs"). A total of 3,429 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise.
- [F2]The SAR vests and becomes exercisable on September 2, 2026.
Signature
/s/ Xun Li|2026-02-17