Whitmire Brett R 4
4 · DIODES INC /DEL/ · Filed Feb 5, 2024
Insider Transaction Report
Form 4
DIODES INC /DEL/DIOD
Transactions
- Tax Payment
Diodes Incorporated Common Stock
2024-02-01$67.69/sh−1,384$93,683→ 52,688 total - Sale
Diodes Incorporated Common Stock
2024-02-02$66.81/sh−830$55,452→ 51,858 total - Award
Diodes Incorporated Common Stock
2024-02-01+6,100→ 54,072 total - Award
Diodes Incorporated Common Stock - Performance Stock Units
2024-02-01+6,100→ 30,300 total
Footnotes (7)
- [F1]Restricted stock units vest in four equal installments beginning 02/01/2025.
- [F2]Granted under Rule 16b-3 Plan.
- [F3]Vested restricted stock unit shares were automatically withheld to cover income tax.
- [F4]Each PSU represents a contingent right granted under the companys 2022 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock.
- [F5]The PSUs vest in February 2027 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2024 through 2026 of $630 million (Target Performance).
- [F6]This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.
- [F7]Vested restricted stock unit shares were automatically sold because the participant elected to participate in the Diodes Incorporated Deferred Compensation Plan.