JORDEN YON 4
Research Summary
AI-generated summary
Cohu Director Jorden Yon Receives 3,578-Share RSU Award
What Happened
- Jorden Yon, a member of Cohu Inc.'s Board of Directors, was granted 3,578 Restricted Stock Units (RSUs) on May 15, 2026. The award has a reported acquisition value of $0 at grant (typical for equity awards).
- Each RSU represents a contingent right to receive one share of Cohu common stock upon vesting, so the award will convert one-for-one into 3,578 shares when the RSUs vest. This is an equity compensation grant (transaction code A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed within the required two business days).
- Amount granted: 3,578 RSUs; grant price reported as $0.00 (non‑cash award).
- Shares owned after transaction: not reported in this filing.
- Footnotes: RSUs vest on the earlier of (i) one-year anniversary of grant or (ii) the next Cohu annual meeting, assuming continued board service; RSUs convert one-for-one into common shares upon vesting.
- No 10b5-1 plan, tax-withholding, or sale/transfer reported in this filing.
Context
- RSU grants to directors are a common form of non-cash compensation and do not by themselves indicate a purchase (bullish) or sale. The economic interest is realized only if and when the RSUs vest and convert to shares.
- Because this is a grant (not a sale or open-market purchase), retail investors should view it primarily as routine director compensation unless further transactions (vested-share sales or purchases) are later reported.