Power Integrations granted a total of 12,017 Restricted Stock Units (RSUs) and 1,213 Performance Stock Units (PSUs) at target to five employees who began their employment in June 2026. The awards were issued on July 15, 2026, as a material inducement to employment under Nasdaq Listing Rule 5635(c)(4). The grants were approved by the Talent and Compensation Committee of the company's Board of Directors.

Vesting Terms

The RSUs will vest in equal installments on each of the first four anniversaries of the Grant Date, subject to the recipient’s continued service through each applicable vesting date. The PSUs are tied to the company’s performance metrics for 2026, as determined by the Talent and Compensation Committee. These units can vest up to a maximum of 200% of the target number, contingent on continued service through December 31, 2026.

Award Details

The inducement grants were issued pursuant to Power Integrations’ Amended and Restated 2025 Inducement Award Plan. All awards are subject to the terms and conditions of the applicable RSU and PSU agreements and the plan.

Power Integrations will release its second-quarter financial results after market hours on August 5, 2026. The company will host a conference call to discuss the performance beginning at 1:30 p.m. Pacific time on the same day.

Investors can access a live audio webcast of the conference call on the company’s investor web page at https://investors.power.com . An archived version of the webcast will be available shortly after the call concludes. Dial-in participants must register for the conference call by completing the online form provided by the company.

Conference Call Details

Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts.