Vishay notes become convertible through October 2026

Vishay Intertechnology, Inc. (NYSE: VSH) has notified holders of its 2.25% convertible senior notes due 2030 that the notes are convertible at the option of holders from July 5, 2026 through the close of business on October 3, 2026.

According to the company's statement, the notes became convertible because the last reported sale price of Vishay's common stock exceeded 130% of the conversion price for at least 20 trading days during the 30 consecutive trading days ending on the last trading day of the fiscal quarter ended July 4, 2026.

The notes carry a conversion rate of 33.1609 shares of common stock per $1,000 principal amount, equivalent to a conversion price of approximately $30.16 per share.

Upon conversion, holders will receive cash up to the aggregate principal amount of the notes. Any amount in excess of the principal may be settled in cash, shares of common stock, or a combination of both, at the company's election.

HSBC Bank USA, National Association is serving as the conversion agent. Vishay stated that neither the company, its board of directors, nor its employees is making any recommendation to holders regarding whether to exercise the conversion option.

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