Kaufman Kalman 4
4 · TOWER SEMICONDUCTOR LTD · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Tower Semiconductor (TSEM) Director Kalman Receives RSU Award
What Happened
Kalman Kaufman, a director of Tower Semiconductor Ltd. (TSEM), was granted 814 restricted stock units (RSUs) on 2026-07-02. The RSUs were awarded at a $0 acquisition price (typical for equity awards) and therefore show no immediate cash value in the filing. The award is a grant of contingent rights to receive ordinary shares upon vesting, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-02; Form 4 filed: 2026-07-06 (filed timely).
- Award: 814 RSUs granted at $0.00 per share (total reported cost $0).
- Vesting: 407 RSUs vest on 07/02/2027 and the remaining 407 RSUs vest on 07/02/2028, subject to continued service (per footnote).
- Shares owned after transaction: Not disclosed in the filing.
- Transaction type code: A = Award/Grant (derivative RSUs). No 10b5‑1, tax‑withholding, or sale reported in this filing.
Context
RSUs are contingent rights to receive shares in the future if vesting conditions are met; they do not require a cash outlay now and do not represent immediately tradable shares until vested and issued. Grants to directors are common as part of compensation and do not by themselves indicate a buy or sell decision.
Insider Transaction Report
- Award
Ordinary Shares
[F1]2026-07-02+814→ 10,583 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.