Francis Tang - Feb 1, 2023 Form 4 Insider Report for DIODES INC /DEL/ (DIOD)

Role
SVP, WW Discrete Products
Signature
Brett R. Whitmire as Power of Attorney for Francis Tang
Stock symbol
DIOD
Transactions as of
Feb 1, 2023
Transactions value $
-$43,034
Form type
4
Date filed
2/2/2023, 05:02 PM
Previous filing
Apr 18, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIOD Diodes Incorporated Common Stock Award $0 +9K +19.57% $0.00 55K Feb 1, 2023 Direct F1, F2
transaction DIOD Diodes Incorporated Common Stock Tax liability -$43K -461 -0.84% $93.35 54.5K Feb 1, 2023 Direct F3
transaction DIOD Diodes Incorporated Common Stock - Performance Stock Units Award $0 +9K +25.01% $0.00 45K Feb 1, 2023 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vest in four equal installments beginning 02/01/2024.
F2 Granted under Rule 16b-3 Plan.
F3 Vested restricted stock unit shares were automatically withheld to cover income tax.
F4 Each PSU represents a contingent right granted under the companys 2022 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock.
F5 The PSUs vest in February 2026 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2023 through 2025 of $1,184.4 million (Target Performance).
F6 This number represents the target number of PSUs (Target Award) that will vest if the Target Performance is achieved. There is a threshold that provides for payment of 50% of the Target Award upon 80% achievement of the Target Performance and a maximum that provides for payment of 200% of the Target Award upon 120% achievement of the Target Performances. Between 80% and 100% and between 100% and 120% achievement of Target Performance, the Target Award will be decreased or increased on a pro rata basis, with no payout below 80% achievement and payout limited to 200% of the Target Award if the Target Performance exceeds 120%.