Bonnot Lionel 4
4 · SITIME Corp · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
SITIME (SITM) Exec VP Lionel Bonnot Receives Equity Awards
What Happened
Lionel Bonnot, Executive Vice President, Worldwide Sales and Business Development at SiTime (SITM), was granted a total of 15,732 equity awards on February 10, 2026. The transactions are awards/grants (code A) of restricted stock units (RSUs) and performance-based RSUs (PRSUs) issued at $0.00. The awards carry different vesting schedules and performance conditions (see Key Details).
Key Details
- Transaction date: 2026-02-10; Filing date: 2026-02-12 (timely filing).
- Awards: 1,801 + 5,473 + 4,229 + 4,229 = 15,732 shares granted; acquisition price reported $0.00 (RSUs/PRSUs).
- Shares/units after transaction: filing notes an aggregate of 85,485 shares issuable under previously reported unvested RSUs/PRSUs (35,704 time-vesting RSUs; 49,781 PRSUs).
- Notable footnotes:
- F1: Executive Bonus & Retention Plan RSUs vest 50% on May 20, 2026 and 50% on Aug 20, 2026.
- F2: Additional PRSU shares (total 10,946 under the PRSU award) vest on Feb 20, 2027 upon achievement of performance criteria.
- F3: Some RSUs vest 6.25% on Feb 20, 2026 and quarterly thereafter.
- F4: PRSUs convert to one share each if specified relative total stockholder return metrics are met over a three‑year performance period.
- Transaction type: Award/Grant (A). No cash paid and no sale/purchase of shares occurred in this filing.
Context
These awards are compensation grants, not open-market purchases or sales, and generally represent future rights to receive shares if time-based vesting or performance conditions are satisfied. PRSUs are contingent on SiTime meeting relative or absolute stock-performance targets over multi-year periods, so they may not convert into shares unless those conditions are met. The filing does not indicate immediate liquidity or sale of shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10+1,801→ 74,338 total - Award
Common Stock
[F2]2026-02-10+5,473→ 79,811 total - Award
Common Stock
[F3]2026-02-10+4,229→ 84,040 total - Award
Common Stock
[F4][F5]2026-02-10+4,229→ 88,269 total
Footnotes (5)
- [F1]Restricted stock unit award under the Executive Bonus and Retention Plan vesting 50% of the shares on May 20, 2026 and 50% on August 20, 2026.
- [F2]Additional shares being granted upon the achievement of performance criteria for performance-based restricted stock units (PRSUs) initially granted on March 15, 2024. The total 10,946 shares granted under this PRSU award will vest on February 20, 2027.
- [F3]Restricted stock unit award vesting 6.25% of the shares on February 20, 2026 and quarterly thereafter.
- [F4]Each performance-based restricted stock unit represents a contingent right to receive one share of common stock. The PRSUs vest upon achievement of certain levels of relative total stockholder return over a performance period of three years by SiTime.
- [F5]Includes an aggregate of 85,485 shares of common stock issuable pursuant to previously reported restricted stock units and performance-based restricted stock units that have not vested. These unvested units include 35,704 restricted stock units that vest over time, and 49,781 performance-based restricted stock units that vest based on certain absolute and relative price performance of the issuer's common stock over various performance periods.