Ian P. Lawee - Mar 14, 2022 Form 4 Insider Report for COHU INC (COHU)

Role
Sr. VP & GM
Signature
Jeffrey D. Jones, by Power of Attorney
Stock symbol
COHU
Transactions as of
Mar 14, 2022
Transactions value $
$0
Form type
4
Date filed
3/16/2022, 02:03 PM
Previous filing
Feb 17, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COHU Restricted Stock Units Award $0 +7.68K +18% $0.00 50.3K Mar 14, 2022 Direct F1
transaction COHU Performance Stock Units Award $0 +7.68K +15.26% $0.00 58K Mar 14, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Cohu, Inc. Common Stock upon vesting. The RSUs vest in four equal annual installments beginning March 14, 2023 (assuming continued employment).
F2 Represents Performance Stock Units (also referred to as RSUs) that will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock upon vesting. These performance stock units will vest only after the achievement of specified performance goals (total shareholder return). Provided such goals are achieved and subject to continued employment through the vesting date, vesting is scheduled to occur in full on the third anniversary of the date of grant (March 14, 2025). The number of shares shown is the target award level. The actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals.
F3 Number of shares includes 49,181 RSUs (excluding the impact of shares that will be withheld to cover tax obligations) previously reported that in the future will be converted on a one-for-one basis into shares of Cohu, Inc. Common Stock immediately upon the vesting dates (assuming continued employment and achievement of specified performance goals).