Power Integrations Issues 63,726 Equity Awards to New Hires

Power Integrations (Nasdaq: POWI) announced on September 18, 2026, that it granted a total of 43,396 restricted stock units (RSUs) and 2,048 performance stock units (PSUs) at target to fifteen employees who started work in August 2026. According to the filing reported by GN stocks/nasdaq, this September tranche represents the second major equity issuance under the company's Amended and Restated 2025 Inducement Award Plan.

The company previously issued 18,283 RSUs and 1,099 PSUs at target to nine employees who joined in July 2026. These grants were approved by the Talent and Compensation Committee to comply with Nasdaq Rule 5635(c)(4), which permits special inducement awards for new hires without shareholder approval if specific criteria are met. The total equity issued across both dates amounts to 61,679 RSUs and 3,147 PSUs at target.

Vesting Terms Linked to Continued Service

The RSU portion of the grants follows a standard time-based vesting schedule. One-fourth of the RSUs vest on each of the first four anniversaries of the respective grant dates. Recipients must maintain continuous service with Power Integrations through each applicable vesting date to receive the shares. If an employee departs before a vesting date, the unvested portion of the grant is typically forfeited, aligning retention incentives with long-term employee commitment.

Performance Metrics Drive PSU Payouts

Unlike the RSUs, the performance stock units are tied to corporate results rather than time. The PSUs will vest based on the achievement of company-wide performance metrics for the 2026 fiscal year. The Talent and Compensation Committee of the Board of Directors is responsible for determining the extent to which these metrics are met. Payouts can range from zero up to a maximum of 200% of the target number of PSUs, depending on performance levels.

To qualify for any PSU payout, employees must remain with the company through December 31, 2026. This structure ensures that the financial upside for new hires is directly correlated with the operational success of Power Integrations during the current fiscal year. The grants are governed by the specific terms of the RSU and PSU agreements and the overarching 2025 Inducement Award Plan.

Strategic Alignment with Clean Power Goals

Power Integrations positions its semiconductor technologies as critical components in the clean-power ecosystem. The company’s products enable the generation of renewable energy and efficient power conversion in applications ranging from milliwatts to megawatts. Recent hiring efforts, reflected in these inducement grants, support the company’s expansion into high-demand sectors such as AI data centers, electric vehicles, and high-voltage direct current infrastructure.