AMKR.NASDAQAmkor Technology, INC

Form 4: Amkor Technology CEO Rutten Vests Restricted Stock Units

Sentiment:

SEC Form 4 Filing

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Guillaume Marie Jean Rutten, President and CEO of Amkor Technology, Inc., reports the vesting and conversion of restricted stock units into common stock.

Summary

  • Guillaume Marie Jean Rutten, the President and CEO of Amkor Technology, Inc. (AMKR), filed a Form 4 on July 3, 2024, reporting a change in beneficial ownership.
  • On July 1, 2024, 43,857 restricted stock units (RSUs) vested and were converted into shares of Amkor Technology's common stock.
  • These RSUs were granted on December 14, 2023, under the company's 2021 Equity Incentive Plan.
  • Following the transaction, Rutten directly owns 138,333 shares of Amkor Technology common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It reflects part of the company's executive compensation plan.

Stakeholder Impact

  • The vesting of RSUs impacts the ownership structure of the company, albeit in a minor way.
  • It aligns executive interests with those of shareholders by increasing executive ownership in the company.

Key Dates

DateDescription
2023-12-14RSU Grant Date: 43,857 time-vested restricted stock units were granted to the Reporting Person.
2024-07-01RSUs converted into shares of the Issuer's common stock and vested in full.
2024-07-03Date of Form 4 filing.

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