Form 4: Amkor Technology CEO Guillaume Rutten Sells 10,000 Shares

Amkor Technology's President and CEO, Guillaume Marie Jean Rutten, sold 10,000 shares of common stock on October 15, 2024, at an average price of $31.51, according to a Form 4 filing with the SEC.

Summary

• Guillaume Marie Jean Rutten, President and CEO of Amkor Technology, Inc. (AMKR), sold 10,000 shares of common stock on October 15, 2024.
• The sale was executed at a weighted average price of $31.51 per share, with individual transactions ranging from $31.26 to $31.70.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 28, 2024.
• Following the reported transaction, Rutten directly owns 204,971 shares of Amkor Technology common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine sale under a pre-arranged trading plan, so it doesn't necessarily indicate a positive or negative outlook.

Industry Context

Insider transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. However, sales under 10b5-1 plans are often pre-scheduled and may not necessarily reflect a change in sentiment.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates