Form 4: Agnes C. Kim Transfers Amkor Technology Shares to Grantor Retained Annuity Trusts

Sentiment:

SEC Form 4 Filing


Agnes C. Kim, a member of a 10% owner group of Amkor Technology, Inc., reports the transfer of shares to grantor retained annuity trusts.

Summary

  • On August 8, 2024, Agnes C. Kim transferred 1,600,000 shares of Amkor Technology, Inc. common stock to the 2024 Grantor Retained Annuity Trust of Agnes C. Kim.
  • James J. Kim, the spouse of Agnes C. Kim, also transferred 2,200,000 shares of Amkor Technology, Inc. common stock to the 2024 Grantor Retained Annuity Trust of James J. Kim on the same date.
  • Susan Y. Kim serves as the sole trustee for both trusts.
  • Agnes C. Kim disclaims beneficial ownership of the securities held by her spouse, except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to changes in beneficial ownership. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or prospects.

Industry Context

This filing reflects changes in beneficial ownership, which is a common occurrence among corporate insiders and large shareholders. It doesn't necessarily indicate a change in the company's fundamentals or outlook.

Related Party Transactions

  • The transfers to the Grantor Retained Annuity Trusts are related-party transactions involving Agnes C. Kim and her spouse, James J. Kim.

Stakeholder Impact

  • The share transfers do not have a direct impact on stakeholders, as they represent a change in ownership structure rather than a fundamental change in the company's operations or financial condition.

Key Dates

DateDescription
08/05/2024Date of 2024 Grantor Retained Annuity Trust of Agnes C. Kim and James J. Kim
08/08/2024Date of the share transfers to the Grantor Retained Annuity Trusts
08/12/2024Date of the Form 4 filing

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