Form 4: Amkor Technology CFO Megan Faust Executes Stock Option and Sells Shares
SEC Form 4 Filing
Amkor Technology's CFO, Megan Faust, exercised stock options and sold 2,800 shares of common stock on March 15, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 15, 2024, Megan Faust, CFO of Amkor Technology, exercised stock options to acquire 2,800 shares of Amkor Technology common stock at a price of $9.48 per share.
- Simultaneously, Faust sold 2,800 shares at a weighted average price of $31.09, with individual sales ranging from $30.92 to $31.36.
- Following these transactions, Faust directly owns 53,023 shares of Amkor Technology common stock.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 23, 2023.
- Faust also holds an employee stock option to acquire 150,000 shares, granted on February 15, 2019, which vested over four years.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction. There's no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. Insider sales are common and can be for various personal financial reasons.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it's a routine insider sale under a pre-arranged plan.
Key Dates
| Date | Description |
|---|---|
| 02/15/2019 | Option Grant Date for 150,000 shares. |
| 02/15/2020 | First vesting date for 25% of the Option Shares. |
| 02/23/2023 | Date of adoption of Rule 10b5-1 trading plan. |
| 03/15/2024 | Date of stock option exercise and share sale. |
| 02/15/2029 | Expiration date of the Employee Stock Option. |
| 03/19/2024 | Date of Form 4 filing. |
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