Home > Insider Trading > Filing (0001209191-23-007077)

Filing Details

Accession Number:: 0001209191-23-007077
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-03 17:22:05
Reporting Period:: 2023-02-01

Accepted Time:: 2023-02-03 17:22:05
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
1196531	Shew Keh Lu	4949 Hedgcoxe Road Suite 200 Plano TX 75024	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Diodes Incorporated Common Stock	Acquisiton	2023-02-01	42,000	$0.00	108,188	No	4	A	Direct
Diodes Incorporated Common Stock	Disposition	2023-02-01	3,148	$93.35	105,040	No	4	F	Direct
Diodes Incorporated Common Stock - Performance Stock Units	Acquisiton	2023-02-01	42,000	$0.00	284,584	No	4	A	Direct
Diodes Incorporated Common Stock	Disposition	2023-02-01	16,000	$92.50	138,988	No	4	S	Indirect	Texastac Investments, LP
Diodes Incorporated Common Stock	Disposition	2023-02-02	9,000	$95.00	129,988	No	4	S	Indirect	Texastac Investments, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	F	Direct
No	4	A	Direct
No	4	S	Indirect	Texastac Investments, LP
No	4	S	Indirect	Texastac Investments, LP

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Diodes Incorporated Common Stock	46,150	Indirect	Custodial
Diodes Incorporated Common Stock	285,801	Indirect	Lu Grandchildren's Trust
Diodes Incorporated Common Stock	51,183	Indirect	The Lu Family Foundation
Diodes Incorporated Common Stock	4,700	Indirect	The Lu 2017 Irrevocable Trust

Footnotes

Restricted stock units vest in four equal installments beginning 02/01/2024.
Granted under Rule 16b-3 Plan.
Vested restricted stock unit shares were automatically withheld to cover income tax.
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 2026 upon the achievement of the 3-year financial performance measure of cumulative non-GAAP operating income for 2023 through 2025 of $1,184.4 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%.
Sold under a 10b5-1 plan.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.00 to $94.00, inclusive. The reporting person undertakes to provide to Diodes Incorporated, any security holder of Diodes Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (8) to this Form 4.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.20 to $95.80, inclusive. The reporting person undertakes to provide to Diodes Incorporated, any security holder of Diodes Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (9) to this Form 4.