0001209191-20-011461.txt : 20200221
0001209191-20-011461.hdr.sgml : 20200221
20200221140554
ACCESSION NUMBER: 0001209191-20-011461
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200219
FILED AS OF DATE: 20200221
DATE AS OF CHANGE: 20200221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Holland Julie
CENTRAL INDEX KEY: 0001436690
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 002-25577
FILM NUMBER: 20638832
MAIL ADDRESS:
STREET 1: 15660 DALLAS PARKWAY
STREET 2: SUITE 850
CITY: DALLAS
STATE: TX
ZIP: 75248
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DIODES INC /DEL/
CENTRAL INDEX KEY: 0000029002
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 952039518
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4949 HEDGCOXE ROAD
STREET 2: SUITE 200
CITY: PLANO
STATE: TX
ZIP: 75024
BUSINESS PHONE: 972-987-3900
MAIL ADDRESS:
STREET 1: 4949 HEDGCOXE ROAD
STREET 2: SUITE 200
CITY: PLANO
STATE: TX
ZIP: 75024
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-02-19
0
0000029002
DIODES INC /DEL/
DIOD
0001436690
Holland Julie
4949 HEDGCOXE ROAD
SUITE 200
PLANO
TX
75024
0
1
0
0
VP Corporate Operations
Diodes Incorporated Common Stock
2020-02-19
4
A
0
15300
0.00
A
82535
D
Diodes Incorporated Common Stock - Performance Stock Units
2020-02-19
4
A
0
15300
0.00
A
56616
D
Diodes Incorporated Common Stock - Performance Stock Units
2020-02-20
4
S
0
22632
48.4383
D
33984
D
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.
Richard D. White as Power of Attorney for Julie Holland
2020-02-21