Avner Iris 4

What Happened

• Avner Iris, a director of Tower Semiconductor Ltd. (TSEM), was granted 814 restricted stock units (RSUs) on 2026-07-02. The grant is reported as 814 shares acquired at $0.00 (total reported value $0), reflecting an award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-02; filing date: 2026-07-06 (filed within the SEC’s 2-business-day window).
• Transaction type/code: A — Award/Grant of RSUs.
• Grant amount and price: 814 RSUs @ $0.00 (reported acquisition value $0).
• Vesting: Per footnote, 407 RSUs vest on 07/02/2027 and 407 on 07/02/2028, contingent on continued service.
• Shares owned after transaction: Not specified in the filing.
• No tax-withholding, sale, or 10b5-1 plan noted in this filing.

Context

• RSUs are a contingent right to receive ordinary shares at vesting; this grant does not result in immediate transferable shares or cash unless/when the RSUs vest and are settled. The economic value to the holder will depend on Tower Semiconductor’s stock price at each vesting date. This type of award is a standard form of director compensation and should not be read as an immediate market signal.