Hasson Avi 4

What Happened
Avi Hasson, a director of Tower Semiconductor Ltd. (TSEM), was granted 814 restricted stock units (RSUs) on 2026-07-02. The RSUs were awarded at $0.00 per share (no cash paid at grant); total recorded acquisition value = $0. These are awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-07-02; Type: Award/Grant (A).
• Amount: 814 RSUs granted at $0.00 per unit.
• Vesting: 407 RSUs vest on 07/02/2027 and 407 RSUs vest on 07/02/2028, subject to continued service.
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 filed 2026-07-06 — this filing appears to meet the usual two-business-day Form 4 reporting requirement.
• Footnote: Each RSU is a contingent right to one ordinary share upon vesting.

Context
RSU grants are a form of equity compensation that do not deliver shares or cash at grant; value is realized only if and when the RSUs vest and convert to shares. Such awards are common for aligning directors’ incentives with shareholders and do not by themselves indicate the insider is buying or selling stock.