Filing Details
- Accession Number:
- 0001209191-20-011461
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-02-21 14:05:54
- Reporting Period:
- 2020-02-19
- Accepted Time:
- 2020-02-21 14:05:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 29002 | Diodes Inc L | DIOD | Semiconductors & Related Devices (3674) | 952039518 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1436690 | Julie Holland | 4949 Hedgcoxe Road Suite 200 Plano TX 75024 | Vp Corporate Operations | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Diodes Incorporated Common Stock | Acquisiton | 2020-02-19 | 15,300 | $0.00 | 82,535 | No | 4 | A | Direct | |
| Diodes Incorporated Common Stock - Performance Stock Units | Acquisiton | 2020-02-19 | 15,300 | $0.00 | 56,616 | No | 4 | A | Direct | |
| Diodes Incorporated Common Stock - Performance Stock Units | Disposition | 2020-02-20 | 22,632 | $48.44 | 33,984 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Footnotes
- Restricted stock units vest in four equal installments beginning 02/19/2021.
- Granted under Rule 16b-3 Plan.
- Each PSU represents a contingent right granted under the companys 2013 Equity Incentive Plan, a Rule 16b-3 Plan, to receive 1 share of Diodes Incorporated Common Stock.
- The PSUs vest in February 2023 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2020 through 2022 of $390.6 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%.
- A portion of these performance stock unit shares were automatically withheld to cover income tax on the vested 2017 performance award.
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