Power Integrations Announces Inducement Equity Awards Granted to Newly Appointed Chief People and Transformation Officer
Power Integrations, a global leader in high-voltage integrated circuits for energy-efficient power conversion, has announced the grant of inducement equity awards to Julie Currie in connection with her recent appointment as the company’s Chief People and Transformation Officer. The awards were granted on December 1, 2025, following Ms. Currie’s commencement of employment with the company in November 2025.
The equity awards consist of 62,333 restricted stock units (RSUs) and 1,427 performance stock units (PSUs), issued at the target level. These grants were made pursuant to Power Integrations’ 2025 Inducement Award Plan, a program designed to support the recruitment of key executive talent by aligning long-term compensation with shareholder value creation and company performance.
According to the company, the awards were approved by the talent and compensation committee of its board of directors, in full compliance with Nasdaq Listing Rule 5635(c)(4). The issuance of these awards was a material inducement to Ms. Currie’s employment and reflects Power Integrations’ commitment to attracting experienced leadership capable of advancing its strategic, operational, and cultural objectives.
Strategic Importance of the Appointment
Julie Currie joined Power Integrations as Chief People and Transformation Officer in November 2025, assuming responsibility for overseeing the company’s global human resources strategy, leadership development initiatives, organizational transformation efforts, and culture evolution. Her appointment comes at a time when Power Integrations continues to expand its global footprint, invest in innovation, and focus on operational excellence across its workforce.
In this role, Ms. Currie is expected to play a key part in aligning talent management strategies with the company’s long-term business goals. As the company navigates a rapidly changing technology and labor environment, leadership in people strategy and transformation is considered critical to sustaining innovation, maintaining competitiveness, and driving shareholder value.
The board’s decision to grant inducement equity awards reflects its belief that long-term, performance-based compensation is an essential tool for aligning executive incentives with the interests of stockholders and the company’s broader mission.
Details of the Restricted Stock Unit Awards
As part of the inducement package, Ms. Currie received 62,333 restricted stock units. These RSUs represent a right to receive shares of Power Integrations’ common stock, subject to the satisfaction of specific vesting requirements.
The RSUs are scheduled to vest annually over a three-year period, provided that Ms. Currie remains continuously employed with Power Integrations through each applicable vesting date. This time-based vesting structure is intended to promote executive retention and ensure continuity in leadership during a critical period of organizational growth and transformation.
Each vested RSU converts into one share of the company’s common stock, subject to the terms and conditions set forth in the applicable RSU agreement and the 2025 Inducement Award Plan. Unvested RSUs are subject to forfeiture if employment terminates prior to vesting, in accordance with the plan’s provisions.
Performance Stock Units and Performance-Based Incentives
In addition to the RSUs, Ms. Currie was granted 1,427 performance stock units at target. Unlike RSUs, PSUs are performance-based awards that vest only if the company achieves specified performance objectives during the applicable performance period.
The PSUs will vest based on Power Integrations’ achievement of established performance metrics for the applicable year. These metrics are determined and evaluated by the talent and compensation committee of the board of directors, ensuring appropriate oversight and alignment with the company’s strategic goals.
The actual number of PSUs that may vest ranges from zero to a maximum of 200% of the target amount, depending on the level of performance achieved. This structure reinforces a strong pay-for-performance philosophy by directly tying executive compensation to measurable company results.
Vesting of the PSUs is also contingent upon Ms. Currie’s continued employment with Power Integrations through December 31 of the applicable performance year. This service requirement further supports retention while incentivizing sustained performance and accountability.
Governance and Compliance with Nasdaq Requirements
The inducement awards were granted in compliance with Nasdaq Listing Rule 5635(c)(4), which allows companies to issue equity compensation to new employees as a material inducement to employment without obtaining prior shareholder approval, provided that such grants are approved by the company’s independent compensation committee or board of directors.
In this case, the talent and compensation committee of Power Integrations’ board reviewed and approved the awards, confirming that all applicable governance and regulatory standards were met. The company emphasized that the awards were granted solely as an inducement to Ms. Currie’s employment and were not issued under any shareholder-approved equity compensation plan.
The grants are governed by the terms and conditions outlined in the applicable RSU and PSU agreements, as well as the broader 2025 Inducement Award Plan. These documents define the rights, obligations, and limitations associated with the awards, including vesting conditions, forfeiture provisions, and treatment upon termination of employment.
Long-Term Alignment with Shareholders
Power Integrations has consistently emphasized the importance of aligning executive compensation with long-term shareholder interests. By combining time-based RSUs and performance-based PSUs, the company aims to balance retention, motivation, and accountability within its leadership team.
This dual-award structure ensures that executives are incentivized not only to remain with the company over an extended period but also to deliver meaningful performance outcomes that support revenue growth, operational efficiency, innovation, and sustainability.
The inducement awards granted to Ms. Currie reflect this philosophy and underscore the board’s confidence in her ability to contribute to the company’s long-term success through effective people leadership and transformative organizational practices.
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