CAGGIA ANDREW M 4
Research Summary
AI-generated summary
Cohu (COHU) Director Andrew M. Caggia Receives Award of 3,578 RSUs
What Happened
Andrew M. Caggia, a member of the Board of Directors of Cohu, Inc. (COHU), was granted 3,578 Restricted Stock Units (RSUs) on May 15, 2026. The Form 4 reports the award as an acquisition at $0.00 per unit (total $0 shown on the filing). RSUs are a form of equity compensation and represent a contingent right to receive one share of Cohu common stock upon vesting.
Key Details
- Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (reported four days after the grant).
- Grant: 3,578 RSUs, acquisition price reported as $0.00.
- Reported holdings after grant: 3,578 RSUs and 60,762 Deferred Stock Units (DSUs) — totaling 64,340 units reported in the filing.
- Footnote highlights: RSUs vest on the earlier of (i) one-year anniversary of grant or (ii) next annual meeting (assuming continued board service). DSUs equal one share each and are settled in stock upon termination of service or at specified future dates.
Context
This was an equity award to a director (compensation/retainer style grant), not an open-market purchase or sale. RSUs and DSUs do not represent immediate cash proceeds; RSUs convert to shares only upon vesting and DSUs are settled later per plan terms. Such grants are routine for board compensation and should be viewed as non-sale insider activity rather than a direct bullish or bearish trading signal.