Elstein Amir 4

What Happened

• Amir Elstein, a director of Tower Semiconductor Ltd. (TSEM), was granted 1,222 restricted stock units (RSUs) on 2026-07-02. The Form 4 reports an acquisition (award) of 1,222 RSUs at $0.00 per share (standard for RSU grants; no cash paid).
• The RSUs are contingent awards that convert to ordinary shares if vesting conditions are met; this is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-02; Form filed: 2026-07-06.
• Reported amount: 1,222 RSUs; reported price per share: $0.00.
• Vesting schedule (footnote): 407 RSUs vest on 07/02/2027, 407 on 07/02/2028, and 408 on 07/02/2029, subject to continued service.
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing timing: Form filed four days after the grant date; Form 4s are generally due within two business days, so this appears later than the usual reporting window (no explicit late‑filing flag shown in the excerpt).

Context

• RSU grants are common executive/director compensation and do not represent an immediate buy or sell signal. The units only convert to shares if vesting conditions are satisfied; taxes or withholding may apply at vesting.
• For retail investors, purchases or open‑market buys by insiders often carry clearer signaling value than routine compensation awards. This filing documents compensation-related equity granted to a director.