SITIME Corp·4

Feb 12, 6:43 PM ET

Pangrazio Vincent P 4

Research Summary

AI-generated summary

Updated

SITIME (SITM) EVP Vincent Pangrazio Receives Stock Awards

What Happened

  • Vincent P. Pangrazio, EVP, Chief Legal Officer & Corporate Secretary of SITIME Corp (SITM), received four stock awards on February 10, 2026 totaling 10,157 shares. Each grant was issued as restricted stock units/performance RSUs at $0.00 (no cash paid). These awards are subject to time-based vesting schedules and performance conditions described below.

Key Details

  • Transaction date: 2026-02-10; Filing date: 2026-02-12 (timely filing).
  • Grants reported: 1,733; 2,968; 2,728; and 2,728 shares (total 10,157 shares) at $0.00 per share.
  • Notable footnotes:
    • F1: RSU award under Executive Bonus & Retention Plan — vests 50% on May 20, 2026 and 50% on Aug 20, 2026.
    • F2: 2,968 shares represent additional PRSU shares tied to a March 15, 2024 PRSU grant; total 5,936 PRSU shares vest on Feb 20, 2027 if performance targets are met.
    • F3: An RSU award that vests 6.25% on Feb 20, 2026 and quarterly thereafter.
    • F4: PRSUs vest based on SiTime’s relative total shareholder return over a three‑year performance period.
    • F5: The filing notes an aggregate 51,023 shares issuable under previously reported unvested RSUs/PRSUs (22,714 time‑based RSUs; 28,309 performance RSUs).
  • Shares owned/issuable after transaction: filing discloses 51,023 unvested shares issuable under prior awards (see F5); vested share ownership not separately quantified in this Form 4.

Context

  • These were awards (code A) — non‑cash grants of RSUs/PRSUs. RSUs convert to shares only after vesting; PRSUs depend on meeting performance targets. Such awards are routine components of executive compensation and do not indicate an open‑market purchase or sale.