Vishay Intertechnology has notified holders of its 2.25% convertible senior notes due 2030 that the notes are convertible at the option of holders beginning July 5, 2026 and ending at the close of business on October 3, 2026. The conversion was triggered because Vishay's common stock price exceeded 130% of the conversion price for at least 20 trading days in the 30-day period ending July 4, 2026. The notes are convertible at a rate of 33.1609 shares per $1,000 principal amount, equivalent to a conversion price of approximately $30.16 per share. Vishay may settle conversions in cash, shares of common stock, or a combination thereof. Holders can obtain the conversion notice from HSBC Bank USA, National Association, the conversion agent.
Vishay Intertechnology IncConversion triggered by stock price exceeding threshold; impact depends on settlement method and dilution, but no clear positive or negative signal.
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