Monitor the volume of notes converted during the quarter; if large conversions occur, Vishay may issue common shares for the in-the-money portion, creating modest dilution. The cash-settlement structure limits near-term share overhang. No immediate trading catalyst.
Price Chart
Executive Summary
Vishay Intertechnology notified holders of its 2.25% convertible senior notes due 2030 that the notes have become convertible during the quarter ending October 3, 2026, because the stock price triggered the 130%-of-conversion-price condition. Holders can convert at a rate of 33.1609 shares per $1,000 principal (conversion price ~$30.16), with Vishay electing to settle in cash plus stock/cash for any excess above par. This is a routine convertible trigger event with no material financial data disclosed; it creates modest dilution potential but gives Vishay cash-settlement flexibility.
Key Facts
- Vishay's 2.25% convertible senior notes due 2030 became convertible for the quarter ending October 3, 2026.
- Conversion rate: 33.1609 shares per $1,000 principal, equivalent to a conversion price of approximately $30.16 per share.
- The trigger was met because the stock price exceeded 130% of the conversion price for at least 20 trading days in the prior quarter.
- Vishay can settle conversions in cash up to the aggregate principal amount, then in cash, shares, or a combination for any excess.
- No adjustment to the conversion rate was made as a result of this trigger event.
- The notice was provided on July 6, 2026, with the conversion period open from July 5 through October 3, 2026.
Financial Impact
Undisclosed — the aggregate principal amount of the notes is not provided in this filing; conversion creates potential dilution of up to 33.16 shares per $1,000 principal converted, but Vishay's cash-settlement election limits share issuance to the excess over par.
Risk Factors
- Potential dilution if note holders convert and Vishay elects to settle the excess above par in shares.
- Note conversion removes low-cost debt (2.25% coupon) from the balance sheet, but principal is repaid in cash, reducing liquidity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000103730-26-000054 |
| Exhibit: exhibit99-2.htm | 0000103730-26-000054 |
| Exhibit: exhibit99-1.htm | 0000103730-26-000054 |
| Document: 0000103730-26-000054-index-headers.html | 0000103730-26-000054 |
| Document: 0000103730-26-000054-index.html | 0000103730-26-000054 |
| Document: 0000103730-26-000054.txt | 0000103730-26-000054 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Press Release | $33.32 $33.21 | ▼ −0.33% | ▲ +1.42% | $38.74 (+16.27%) |
Aug 5, 2026 8w ago | 8-K | $33.18 $30.61 | ▼ −7.75% | ▼ −7.14% | $38.74 (+16.76%) |
Jul 6, 2026 12w ago | 8-K | $42.19 $35.40 | ▼ −16.09% | ▼ −17.43% | $38.74 (−8.18%) |
Jul 1, 2026 13w ago | 8-K | $51.21 $29.96 | ▲ +41.50% | ▲ +39.31% | $38.74 (+24.35%) |
Jun 30, 2026 13w ago | 424B5 | $51.21 $29.96 | ▲ +41.50% | ▲ +39.31% | $38.74 (+24.35%) |
Jun 30, 2026 13w ago | Press Release | $53.78 $37.18 | ▲ +30.87% | ▲ +29.84% | $38.74 (+27.97%) |
Jun 29, 2026 13w ago | 424B5 | $53.78 $37.18 | ▲ +30.87% | ▲ +29.84% | $38.74 (+27.97%) |
Jun 29, 2026 13w ago | S-3ASR | $53.78 $37.18 | ▼ −30.87% | ▼ −29.84% | $38.74 (−27.97%) |
May 13, 2026 20w ago | 8-K | $38.50 $58.60 | ▲ +52.21% | ▲ +52.82% | $38.74 (+0.62%) |
May 13, 2026 20w ago | Press Release | $38.50 $58.60 | ▲ +52.21% | ▲ +52.82% | $38.74 (+0.62%) |
US Market Status
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