VISHAY INTERTECHNOLOGY INC
For the period ended Sep 28, 2024. Filed Nov 6, 2024.
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Sep 28, 2024 · Filed Nov 6, 2024
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Item 5. Other Information
| Item 5. | Other Information |
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During the fiscal quarter ended September 28, 2024, the individual listed below serving as a director and officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted a trading arrangement for the sale of the Company’s securities as described in Item 408 of Regulation S-K of the Securities Act. The material terms of the plan which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act (“Rule 10b5-1 Plan”), are as follows:
| ● | Marc Zandman, Executive Chairman of the Board of Directors and Chief Business Development Officer of the Company, adopted a Rule 10b5-1 Plan on September 7, 2024. Under this plan, the following shares may be sold: | |
|---|---|---|
| (i) | the number of shares of common stock acquired as a result of the vesting on January 1, 2025 of the Restricted Stock Units previously acquired by Mr. Zandman, net of any portion of such shares which are surrendered to the Company or sold to cover withholding taxes; and | |
| (ii) | the number of shares of common stock, if any, acquired as a result of the vesting in February 2025 of the Performance-Based Restricted Units previously acquired by Mr. Zandman, net of any portion of such shares which are surrendered to the Company or sold to cover withholding taxes. |
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