Vakrat Wolkin Michal 4
4 · TOWER SEMICONDUCTOR LTD · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Tower Semiconductor (TSEM) Director Vakrat Wolkin Michal Receives RSU Award
What Happened
Vakrat Wolkin Michal, a director of Tower Semiconductor Ltd. (TSEM), was granted 814 restricted stock units (RSUs) on 2026-07-02. The filing reports an award (transaction code A) for 814 shares at $0.00 (no cash paid). Each RSU represents a contingent right to receive one ordinary share if vesting conditions are met.
Key Details
- Transaction date: 2026-07-02 (Form 4 filed 2026-07-06; filing appears timely under Section 16 rules).
- Transaction type/code: Award (A) — grant of RSUs.
- Amount: 814 RSUs granted; reported acquisition value $0.00.
- Vesting: 407 RSUs vest 07/02/2027 and 407 RSUs vest 07/02/2028, subject to continued service (per footnote).
- Shares owned after transaction: Not specified in the provided filing details.
- No indication of a sale, purchase in the open market, or cashless exercise — this is a time-based equity award.
Context
RSUs are a form of compensation that convert into shares only after vesting; they do not represent immediate selling or buying in the market and therefore do not directly signal a trading intent. For retail investors, awards show management compensation and potential future share issuance if vesting conditions are met.
Insider Transaction Report
Form 4
Vakrat Wolkin Michal
Director
Transactions
- Award
Ordinary Shares
[F1]2026-07-02+814→ 17,575 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 Persons continued service through each vesting date.
Signature
/s/ Netta Cohen on behalf of Oppenheimer Israel, as Attorney-in-fact|2026-07-06