Diodes (DIOD) CFO granted 22,000 RSUs and 22,000 PSUs tied to 2026–2028 targets
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diodes Incorporated CFO Brett Whitmire reported new equity awards and related share movements. On February 1, 2026, he received 22,000 restricted stock units that vest in four equal installments beginning February 1, 2027, plus 22,000 performance stock units tied to future financial targets.
The performance stock units can convert into Diodes common stock in February 2029 based on cumulative non-GAAP operating income of $243.495 million for 2026–2028, with payouts ranging from 50% to 200% of the target award. Subsequent entries show 2,806 shares withheld at $60.66 per share for taxes and a sale of 830 shares at $60.85 per share tied to participation in a deferred compensation plan, leaving him with 67,141 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 830 shares ($50,506)
Net Sell
4 txns
Insider
Whitmire Brett R
Role
CFO
Sold
830 shs ($51K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Diodes Incorporated Common Stock | 830 | $60.85 | $51K |
| Tax Withholding | Diodes Incorporated Common Stock | 2,806 | $60.66 | $170K |
| Grant/Award | Diodes Incorporated Common Stock | 22,000 | $0.00 | -- |
| Grant/Award | Diodes Incorporated Common Stock - Performance Stock Units | 22,000 | $0.00 | -- |
Holdings After Transaction:
Diodes Incorporated Common Stock — 67,141 shares (Direct);
Diodes Incorporated Common Stock - Performance Stock Units — 45,100 shares (Direct)
Footnotes (1)
- Restricted stock units vest in four equal installments beginning 02/01/2027. Granted under Rule 16b-3 Plan. Vested restricted stock unit shares were automatically withheld to cover income tax. Vested restricted stock unit shares were automatically sold because the participant elected to participate in the Diodes Incorporated Deferred Compensation Plan. 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. The PSUs vest in February 2029 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2026 through 2028 of $243.495 million (Target Performance). 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%.
FAQ
What equity awards did Diodes (DIOD) CFO Brett Whitmire receive?
Diodes CFO Brett Whitmire received 22,000 restricted stock units and 22,000 performance stock units on February 1, 2026. The restricted units vest in four equal installments starting February 1, 2027, while the performance units depend on meeting multi-year non-GAAP operating income targets through 2028.
How do the Diodes (DIOD) performance stock units for the CFO vest?
The performance stock units vest in February 2029 if Diodes achieves cumulative non-GAAP operating income of $243.495 million from 2026 through 2028. Payout ranges from 50% of target at 80% performance to 200% at 120% performance, with pro rata adjustments between those thresholds.
What is the target performance metric for Diodes (DIOD) CFO performance stock units?
The target for the performance stock units is cumulative non-GAAP operating income of $243.495 million for 2026 through 2028. Achieving this Target Performance results in 100% payout of the 22,000-unit target award, with scaled payouts above 80% and up to 200% at 120% performance.