0001209191-23-007082.txt : 20230203
0001209191-23-007082.hdr.sgml : 20230203
20230203172300
ACCESSION NUMBER: 0001209191-23-007082
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230201
FILED AS OF DATE: 20230203
DATE AS OF CHANGE: 20230203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Whitmire Brett R
CENTRAL INDEX KEY: 0001768901
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 002-25577
FILM NUMBER: 23587441
MAIL ADDRESS:
STREET 1: 4949 HEDGCOXE ROAD
STREET 2: SUITE 200
CITY: PLANO
STATE: TX
ZIP: 75024
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
2023-02-01
0
0000029002
DIODES INC /DEL/
DIOD
0001768901
Whitmire Brett R
4949 HEDGCOXE ROAD
SUITE 200
PLANO
TX
75024
0
1
0
0
CFO
Diodes Incorporated Common Stock
2023-02-01
4
F
0
616
93.35
D
23073
D
Diodes Incorporated Common Stock
2023-02-01
4
A
0
9000
0.00
A
32073
D
Diodes Incorporated Common Stock
2023-02-02
4
S
0
380
93.72
D
31693
D
Diodes Incorporated Common Stock - Performance Stock Units
2023-02-01
4
A
0
9000
0.00
A
44979
D
Vested restricted stock unit shares were automatically withheld to cover income tax.
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 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 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%.
Brett R. Whitmire
2023-02-03