0001209191-24-002770.txt : 20240205
0001209191-24-002770.hdr.sgml : 20240205
20240205154413
ACCESSION NUMBER: 0001209191-24-002770
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240201
FILED AS OF DATE: 20240205
DATE AS OF CHANGE: 20240205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Yu Gary
CENTRAL INDEX KEY: 0001848176
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 002-25577
FILM NUMBER: 24595573
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]
ORGANIZATION NAME: 04 Manufacturing
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
X0508
4
2024-02-01
0
0000029002
DIODES INC /DEL/
DIOD
0001848176
Yu Gary
4949 HEDGCOXE ROAD
SUITE 200
PLANO
TX
75024
1
1
0
0
President
0
Diodes Incorporated Common Stock
2024-02-01
4
A
0
22000
0.00
A
61296
D
Diodes Incorporated Common Stock
2024-02-01
4
F
0
649
67.69
D
60647
D
Diodes Incorporated Common Stock - Performance Stock Units
2024-02-01
4
A
0
22000
0.00
A
52000
D
Diodes Incorporated Common Stock
2024-02-02
4
S
0
2900
66.81
D
57747
D
Restricted stock units vest in four equal installments beginning 02/01/2025.
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 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).
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%.
Vested restricted stock unit shares were automatically sold because the participant elected to participate in the Diodes Incorporated Deferred Compensation Plan.
Brett R. Whitmire as Power of Attorney for Gary Yu
2024-02-05