Gross Dana Rebecca 4
4 · TOWER SEMICONDUCTOR LTD · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Tower Semiconductor (TSEM) Director Dana Gross Receives 814 RSUs
What Happened
Dana Gross (Director) received a grant of 814 restricted stock units (RSUs) on 2026-07-02. The Form 4 shows the units were granted at $0.00 (typical for RSUs) — total reported acquisition value $0. Each RSU represents a contingent right to one ordinary share of Tower Semiconductor Ltd.; 407 RSUs vest on 07/02/2027 and the remaining 407 RSUs vest on 07/02/2028, subject to continued service through each vesting date. This is a compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-07-02; filing date (Form 4): 2026-07-06.
- Reported acquisition: 814 RSUs @ $0.00 (total $0 reported).
- Vesting: 407 RSUs on 07/02/2027 and 407 RSUs on 07/02/2028 (service-vesting).
- Shares owned after transaction: not specified in the provided data.
- Footnote: RSUs convert to ordinary shares upon vesting; taxed/withheld as required at vesting.
- Filing timeliness: no late-filing indicator provided in the report.
Context: RSU grants are common director/executive compensation and do not represent an immediate purchase or sale of company stock. They become meaningful only if/when they vest and convert to shares (or are settled in cash), so this award alone shouldn’t be read as a buy or sell signal.
Insider Transaction Report
- Award
Ordinary Shares
[F1]2026-07-02+814→ 9,916 total
Footnotes (1)
- [F1]The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ordinary stock of Tower Semiconductor Ltd. (the "Company"). 407 will vest on 07/02/2027, and additional 407 will vest on 07/02/2028, subject to the Reporting Person's continued service through each vesting date.