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TOWER SEMICONDUCTOR LTD·4

Jul 6, 10:08 AM ET

Vakrat Wolkin Michal 4

Research Summary

AI-generated summary

Updated

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.