Form 4: Agnes C. Kim Reports Changes in Beneficial Ownership of Amkor Technology Stock
SEC Form 4
Agnes C. Kim, a member of a 10% owner group of Amkor Technology, reports the distribution of shares from grantor retained annuity trusts and spousal holdings.
Summary
- On June 12, 2024, Agnes C. Kim reported changes in her beneficial ownership of Amkor Technology, Inc. (AMKR) stock.
- 980,000 shares were distributed to Agnes C. Kim from the 2023 Grantor Retained Annuity Trust of Agnes C. Kim Dated 4/26/2023.
- 1,530,000 shares were distributed to James J. Kim, Agnes C. Kim's spouse, from the 2023 Grantor Retained Annuity Trust of James J. Kim Dated 4/26/2023.
- Agnes C. Kim disclaims beneficial ownership of the shares held by her spouse, except to the extent of her pecuniary interest.
- The report also reflects shares withheld by Amkor Technology to satisfy tax withholding obligations related to the vesting of restricted stock units granted to James J. Kim.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and holdings, providing transparency to the market regarding the ownership structure of Amkor Technology.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/26/2023 | Date of the 2023 Grantor Retained Annuity Trusts for Agnes C. Kim and James J. Kim |
| 02/11/2021 | Date of restricted stock units granted to James J. Kim |
| 02/24/2022 | Date of restricted stock units granted to James J. Kim |
| 02/16/2023 | Date of restricted stock units granted to James J. Kim |
| 06/12/2024 | Date of the stock distribution from the Grantor Retained Annuity Trusts |
| 06/14/2024 | Date of the Form 4 filing |
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