Power Integrations granted inducement equity awards to ten new employees, including General Counsel Andrew Hughes. On June 15, 2026, Hughes received 29,408 restricted stock units, 2,246 performance stock units, and 12,603 long-term performance stock units at target. Nine other new hires received a combined 3,842 restricted stock units and 455 performance stock units at target. The awards were made under the company's Amended and Restated 2025 Inducement Award Plan and approved by the Talent and Compensation Committee in compliance with Nasdaq Rule 5635(c)(4).
Power Integrations IncGrant of inducement equity awards to new employees, including General Counsel, is a routine capital event with no clear directional impact on stock.