Kim Peter Sung-Jip 4
Research Summary
AI-generated summary
Littelfuse (LFUS) SVP Kim Peter Sung-Jip Exercises Options, Sells Shares
What Happened
- Kim Peter Sung-Jip, SVP & GM, Industrial Business at Littelfuse, exercised options for 5,488 shares (code M) on Feb 2, 2026 at an exercise price of $166.63 per share (total cost $914,465) and then sold 5,488 shares in multiple open-market transactions (code S) the same day for aggregate proceeds of $1,790,984. A separate derivative disposition line for 5,488 shares at $0 appears consistent with the exercised options being sold (cashless exercise).
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04 (filed within the two-business-day Form 4 window).
- Sales breakdown (weighted-average prices / reported proceeds):
- 82 shares @ $328.14 = $26,907 (F1: actual prices ranged $328.03–$328.40)
- 1,519 shares @ $327.39 = $497,305 (F2: $327.00–$327.97)
- 1,787 shares @ $326.44 = $583,348 (F3: $326.01–$326.98)
- 2,100 shares @ $325.44 = $683,424 (F4: $325.00–$325.99)
- Exercise cost: 5,488 shares @ $166.63 = $914,465. Aggregate sales proceeds: $1,790,984.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes: F1–F4 note weighted-average sale prices and that per-price detail can be provided on request; F5 describes the original option vesting schedule (1/3 annually beginning July 10, 2021).
Context
- This appears to be a cashless exercise: options were exercised and the resulting shares were immediately sold. Transaction codes: M = exercise/conversion of derivative; S = open-market sale.
- Sales by insiders are often routine (liquidity or tax-related). Purchases typically convey a clearer positive signal; this filing documents an exercise followed by sales and is informational rather than an explicit endorsement of share direction.