Company: AOSL
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001628280-25-041297
Chunk: 36

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-08-28
Form: 10-K
Item: Item 15
Chunk 36
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91

Performance-based Restricted Stock Units (“PRSU”)In March each year since fiscal year 2017, the Company granted PRSU to certain personnel.  The number of shares to be ultimately earned under the PRSU is determined based on the level of attainment of predetermined financial goals.  The PRSU vests in four equal annual installments from the first anniversary date after the grant date if certain predetermined financial goals were met.  The Company recorded $4.0 million, $2.8 million and $5.2 million of expenses for these PRSUs during the years ended June 30, 2025, 2024 and 2023, respectively.  The total fair value of PRSUs vested during the years ended June 30, 2025, 2024 and 2023 was $4.5 million, $3.8 million and $3.5 million, respectively.The following table summarizes the Company’s PRSU activities:Number of Performance-based Restricted StockUnitsWeighted AverageGrant Date FairValue Per ShareWeighted AverageRemainingRecognitionPeriod (Years)Aggregate Intrinsic ValueNonvested at June 30, 2022389,375 $36.56 $12,981,763 Granted264,214 $25.70 Vested(116,132)$30.54 Forfeited(10,743)$48.65 Nonvested at June 30, 2023526,714 $32.19 $17,276,219 Granted209,250 $21.55 Vested(123,632)$30.50 Forfeited(268,207)$26.59 Nonvested at June 30, 2024344,125 $30.69 $12,859,951 Granted209,750 $27.61 Vested(133,910)$33.60 Forfeited(10,402)$48.65 Nonvested at June 30, 2025409,563 $27.71 1.85$10,509,387 Market-based Restricted Stock Units (“MSUs”)In December 2021, the Company granted 1.0 million market-based restricted stock units to certain personnel.  The number of shares to be earned at the end of the performance period was determined based on the Company’s achievement of specified stock prices and revenue thresholds during the performance period from January 1,