Robert Eric Verity
POWER INTEGRATIONSAbout Robert Eric Verity
Robert Eric Verity, 59, served as interim Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer of Power Integrations effective October 4, 2025, and will reassume his role as Senior Director of Finance upon the commencement of the newly appointed CFO in January 2026; his transition is not due to any disagreement with the company’s operations, policies, or practices . He holds an MBA from Cornell University and a Bachelor’s in Business Administration (Accounting) from the University of the Pacific . During Q3 2025 under his interim-CFO tenure, Power Integrations reported net revenues of $118.9 million versus $115.8 million in Q3 2024, and he executed both Section 302 and Section 906 SOX certifications on the Q3 2025 Form 10-Q attesting to disclosure controls and fair presentation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Power Integrations, Inc. | Interim Chief Financial Officer, Principal Financial Officer & Principal Accounting Officer | Oct 2025–Jan 2026 (scheduled) | Oversight of external reporting and certifications; continuity of finance leadership during CFO transition |
| Power Integrations, Inc. | Senior Director of Finance | Mar 2018–present (will reassume) | Led finance function continuity; prepared for CFO transition |
| Power Integrations, Inc. | Corporate Controller & Director of Finance | Apr 2010–Mar 2018 | Built and maintained accounting and controls infrastructure supporting growth and compliance |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in cited SEC filings | N/A | N/A | No external board or public-company roles identified in the reviewed documents |
Fixed Compensation
| Year | Base Salary ($) | Target Bonus % | Actual Cash Bonus ($) | Notes |
|---|---|---|---|---|
| 2025 (Interim CFO period) | 351,822 | Not disclosed (company emphasizes equity-based annual PSUs in lieu of cash bonuses for executive officers) | Not disclosed | Continued under existing compensation arrangement; equity awards governed by 2016 Incentive Award Plan |
Performance Compensation
2025 Awards for Verity (grant detail and vesting terms)
| Award Type | Grant Date Units | Grant-Date Fair Value ($) | Performance Metrics | Payout Range | Vesting Schedule |
|---|---|---|---|---|---|
| PSUs (2025 annual) | 954 target units | 48,294 | Annual program uses net revenue, non-GAAP operating income, and strategic goals | 0–200% of target | Vests based on 2025 performance; shares released after determination per plan |
| RSUs (time-based) | 2,008 units | 96,280 | N/A (time-based) | N/A | 25% on 1st anniversary, then 25% annually over 4 years (subject to continued service) |
Company PSU Plan structure (reference framework used by Compensation Committee)
| Metric | Weighting at Target | Threshold / Target / Max mechanics | 2024 Outcome (context) |
|---|---|---|---|
| Net revenue (absolute/relative) | 30% | 0% vest below minimum; linear to 100% at target; linear to 200% at max | ~12% of target vested under revenue (relative measure) |
| Non-GAAP operating income | 30% | 0% vest below minimum; linear to 100% at target; linear to 200% at max | 0% vested for 2024 non-GAAP OI (achieved $54.0m vs threshold $55.1m) |
| Strategic goals | 40% | Six goals totaling 40%; linear scaling to 200% for stretch achievement | ~190% of strategic goals portion vested |
Notes: The weighting table reflects the 2024 PSU Plan design used by the Compensation Committee; the 2025 annual PSU program continues to use the triad of net revenue, non-GAAP operating income and strategic goals as performance conditions per Q3 2025 10-Q, though specific 2025 weights were not disclosed in the reviewed documents .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership | 5,875 common shares, Direct (Form 3) |
| Ownership as % of shares outstanding | ~0.0106% (5,875 ÷ 55,336,162 shares outstanding at Nov 3, 2025) |
| Unvested RSUs | 2,008 units subject to four-year vesting |
| Unvested PSUs (2025 target) | 954 target units, 0–200% payout based on 2025 metrics |
| Options | None disclosed for Verity in reviewed filings |
| Hedging/Pledging | Hedging, short sales, and option transactions prohibited for executives; pledging not specified in cited excerpts |
| Stock ownership guidelines | Mandatory stock-ownership guideline applies to CEO (3x base salary); no minimum mandatory guideline for other executive officers; equity programs function as ownership equivalents |
Employment Terms
- Interim appointment and compensation: Upon the CFO’s resignation, Verity was appointed interim CFO; he continued under his existing compensation arrangement, with 2025 awards of 954 target PSUs and 2,008 RSUs and a base salary of $351,822 (no new executive officer benefits agreement disclosed) .
- Transition back to Senior Director of Finance: Following the appointment of Nancy Erba as CFO effective January 5, 2026, Verity will reassume his Senior Director role; the transition is not due to any disagreement .
- Clawback and insider trading policies: The company maintains a clawback policy (updated Oct 2, 2023 to comply with Nasdaq listing standards) and prohibits hedging/short sales/options transactions by executives .
- Executive Officer Benefits Agreements (context): Company EOBA provisions for named executive officers include severance and change-in-control benefits, non-compete obligations, and equity acceleration mechanics; these are policy disclosures for executive officers generally (not specific to Verity’s interim status) .
Investment Implications
- Alignment and near-term selling pressure: Verity’s direct ownership is modest (~0.0106%), but his unvested RSUs and 2025 PSUs create multi-year alignment; RSU vesting typically triggers routine tax-withholding transactions rather than discretionary selling, and hedging is prohibited, reducing misalignment risk .
- Performance-tied incentives: His 2025 PSUs are directly tied to net revenue, non-GAAP operating income, and strategic goals, reinforcing pay-for-performance; investors should monitor quarterly revenue trajectory and non-GAAP profitability to gauge PSU vesting outcomes .
- Retention/transition risk: With a permanent CFO appointment effective January 2026 and Verity’s planned reassumption of Senior Director responsibilities, finance leadership continuity risk appears contained; no disagreements were disclosed in connection with the transition .
- Governance and recourse: Robust clawback provisions and insider trading restrictions provide downside governance protections if financial restatements or misconduct occur, supporting confidence in reported metrics during and after his interim tenure .