Andy Tsong - Feb 1, 2024 Form 4 Insider Report for DIODES INC /DEL/ (DIOD)

Signature
Brett R. Whitmire as Power of Attorney for Andy Kuo-Ting Tsong
Stock symbol
DIOD
Transactions as of
Feb 1, 2024
Transactions value $
-$43,728
Form type
4
Date filed
2/2/2024, 05:23 PM
Previous filing
Aug 23, 2023
Next filing
Apr 2, 2024

Transactions Table

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
* 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 02/01/2025.
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%.