Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DIOD | Diodes Incorporated Common Stock | Award | $0 | +6.1K | +19.95% | $0.00 | 36.7K | Feb 1, 2024 | Direct | F1, F2 |
transaction | DIOD | Diodes Incorporated Common Stock | Tax liability | -$43.7K | -646 | -1.76% | $67.69 | 36K | Feb 1, 2024 | Direct | F3 |
transaction | DIOD | Diodes Incorporated Common Stock - Performance Stock Units | Award | $0 | +6.1K | +67.78% | $0.00 | 15.1K | Feb 1, 2024 | Direct | F4, F5, F6 |
Id | Content |
---|---|
F1 | Restricted stock units vest in four equal installments beginning 02/01/2025. |
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 2027 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2024 through 2026 of $630 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%. |