Chelouche Yoav 4

What Happened

• Yoav Chelouche, a director of Tower Semiconductor Ltd. (TSEM), was granted 814 restricted stock units (RSUs) on 2026-07-02. The RSUs were issued at a $0 grant price (no cash exchanged) and therefore show $0 in transaction value. This is a grant/award (compensation), not a purchase or sale.

Key Details

• Transaction date: 2026-07-02; Form 4 filed: 2026-07-06 (appears filed within the normal reporting window).
• Grant size and price: 814 RSUs granted at $0.00 (total reported value $0 at grant).
• 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 details.
• Nature of transaction code: A = Award/Grant (derivative/compensation), not an open-market trade.

Context

• RSUs are a contingent right to receive company shares upon vesting; they do not represent immediately tradable stock. Taxation and actual stock receipt occur when RSUs vest (or per company withholding rules).
• Grants like this are common executive/director compensation and should be viewed as compensation-related rather than a direct bullish or bearish trading signal.