Filing Details

Accession Number:
0001209191-24-002767
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-02-05 15:42:51
Reporting Period:
2024-02-01
Accepted Time:
2024-02-05 15:42:51
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
1768901 R Brett Whitmire 4949 Hedgcoxe Road
Suite 200
Plano TX 75024
Cfo 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 2024-02-01 6,100 $0.00 54,072 No 4 A Direct
Diodes Incorporated Common Stock Disposition 2024-02-01 1,384 $67.69 52,688 No 4 F Direct
Diodes Incorporated Common Stock - Performance Stock Units Acquisiton 2024-02-01 6,100 $0.00 30,300 No 4 A Direct
Diodes Incorporated Common Stock Disposition 2024-02-02 830 $66.81 51,858 No 4 S Direct
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 Direct
Footnotes
  1. Restricted stock units vest in four equal installments beginning 02/01/2025.
  2. Granted under Rule 16b-3 Plan.
  3. Vested restricted stock unit shares were automatically withheld to cover income tax.
  4. 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.
  5. 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).
  6. 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%.
  7. Vested restricted stock unit shares were automatically sold because the participant elected to participate in the Diodes Incorporated Deferred Compensation Plan.