Ilgenfritz Klaus 4
4 · COHU INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Cohu (COHU) Sr. VP Klaus Ilgenfritz Receives Stock Award
What Happened
Klaus Ilgenfritz, Senior Vice President & Chief Product Officer of Cohu, Inc., was granted a total target award of 26,152 equity units on March 10, 2026 (two awards of 13,076 each). Both grants show a $0.00 per-share acquisition price because they are awards (no cash paid). On March 11, 2026, 2,225 shares were surrendered/withheld (reported as a disposal) to cover tax obligations related to vesting.
Key Details
- Transaction types: Awards/Grants (A) on 2026-03-10; tax withholding/disposition (F) on 2026-03-11.
- Quantities/prices: 13,076 + 13,076 shares granted @ $0.00 (total target = 26,152); 2,225 shares withheld/disposed @ $0.00.
- Report filed: Form 4 filed 2026-03-12 (appears timely relative to the reported transaction dates).
- Footnotes of note:
- F1 = Performance Stock Units (PSUs) that convert 1:1 to shares upon vesting; vesting contingent on TSR performance measured at the 3rd anniversary and may pay 0%–200% of target.
- F2 = Restricted Stock Units (RSUs) vesting in four equal annual installments (subject to continued service).
- F3 = The 2,225 shares represent automatic withholding to satisfy tax obligations upon vesting.
- F4 = Filing notes 84,896 previously reported RSUs that will convert to shares upon future vesting (excludes shares withheld for taxes).
- Shares owned after transaction: not specified in the provided report.
Context
These entries reflect equity compensation (awards and vesting-related tax withholding), not open-market purchases or sales for cash. PSUs are performance-contingent and may pay out at a range from 0% to 200% of target depending on achievement of specified goals; RSUs vest over time with continued service. Tax-withheld shares are a routine administrative step and do not necessarily indicate a discretionary sale.
Insider Transaction Report
- Award
Performance Stock Units
[F1]2026-03-10+13,076→ 90,461 total - Award
Restricted Stock Units
[F2]2026-03-10+13,076→ 103,537 total - Tax Payment
Common Stock Units
[F3][F4]2026-03-11−2,225→ 101,312 total
Footnotes (4)
- [F1]Represents Performance Stock Units (also referred to as RSUs) that will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock upon vesting. These performance stock units will be earned only after the certification of achievement of specified performance goals (total shareholder return). Provided such goals are achieved and subject to continued service through the vesting date, performance is scheduled and measured in full on the third anniversary of the date of grant. The number of shares shown is the target award level. The actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals.
- [F2]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. The RSUs vest in four equal annual installments beginning with the anniversary of the date of grant (assuming continued service through the vesting dates).
- [F3]Represents shares that were automatically withheld upon vesting of Restricted Stock Units (RSUs) to cover tax obligations in a transaction exempt under Rule 16(b)-3.
- [F4]Number of shares includes 84,896 RSUs (excluding the impact of shares that will be withheld to cover tax obligations) previously reported that in the future will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock immediately upon the vesting dates (assuming continued service through the vesting dates and achievement of specified performance goals).