Luis A. Muller - Mar 14, 2023 Form 4 Insider Report for COHU INC (COHU)

Role
President & CEO
Signature
Jeffrey D. Jones, by Power of Attorney
Stock symbol
COHU
Transactions as of
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/16/2023, 08:59 PM
Previous filing
Mar 21, 2022
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COHU Restricted Stock Units Award $0 +44K +7.66% $0.00 619K Mar 14, 2023 Direct F1
transaction COHU Performance Stock Units Award $0 +66K +10.67% $0.00 685K Mar 14, 2023 Direct F2
transaction COHU Common Stock Tax liability $0 -7.02K -1.03% $0.00 678K Mar 14, 2023 Direct F3
transaction COHU Common Stock Tax liability $0 -3.66K -0.54% $0.00 674K Mar 15, 2023 Direct F3, F4
* 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, 2024 (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, 2026). 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 Represents shares that were automatically withheld upon vesting of Restricted Stock Units (RSUs) to cover tax obligations in a transaction exempt under Rule 16(b)-3.
F4 Number of shares includes 384,730 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).