Power Integrations director Balakrishnan sells $260k in stock
Balu Balakrishnan, a director at Power Integrations INC (NASDAQ:POWI), sold 5,581 shares of common stock for approximately $260,036 to cover tax liabilities from a Restricted Stock Award vesting. Despite this sale, Balakrishnan still holds a significant number of shares through a trust. The company has also been in the news for increasing its equity awards plan, receiving an increased price target from Benchmark, and appointing a new senior vice president for marketing and product strategy.
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