Robert Nestor Chylak - Nov 16, 2023 Form 4 Insider Report for KULICKE & SOFFA INDUSTRIES INC (KLIC)

Signature
Zi Yao Lim, Attorney-in-Fact for Robert Nestor Chylak
Stock symbol
KLIC
Transactions as of
Nov 16, 2023
Transactions value $
-$77,095
Form type
4
Date filed
11/20/2023, 07:06 PM
Previous filing
Oct 13, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLIC Common Stock Options Exercise $0 +3.7K +11.97% $0.00 34.6K Nov 16, 2023 Direct F1
transaction KLIC Common Stock Tax liability -$77.1K -1.57K -4.55% $48.98 33K Nov 16, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KLIC Performance Share Units Options Exercise $0 -3.7K -100% $0.00* 0 Nov 16, 2023 Common Stock 3.7K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance Share Units (PSUs) awarded October 7, 2020 achieved a 200% payout based on the greater of absolute revenue growth or relative performance against each direct competitor for each year of the three-year performance period. The payout was certified and the shares issued on November 16, 2023. Each PSU is convertible into one share of common stock.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with issuance of 3,696 shares of common stock arising from payout under Performance Share Units (PSUs) awarded on October 7, 2020. The payment was certified and the shares were issued on November 16, 2023, each PSU convertible into one share of common stock. These shares were not issued to or sold by the Reporting Person.