Form 4: Amkor Technology CFO Megan Faust Reports Stock Vesting and Tax Withholding

CFO Megan Faust reports vesting of performance-based stock units and subsequent tax withholding.

Summary

• On August 13, 2024, Megan Faust, CFO of Amkor Technology, Inc., reported the vesting of 18,023 shares of common stock related to performance-vested restricted stock units (PSUs).
• These PSUs were granted on December 14, 2023, under the company's 2021 Equity Incentive Plan.
• The vesting was contingent upon achieving internal performance goals related to geographic expansion and advanced packaging capacity.
• Also on August 13, 2024, 7,723 shares were withheld by Amkor Technology at a price of $32.16 to cover Faust's tax obligations related to the vesting.
• Following these transactions, Faust directly owns 63,323 shares of Amkor Technology.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating standard executive compensation practices. The vesting suggests achievement of performance goals, which is mildly positive.

Positives

• The vesting of PSUs indicates that Amkor Technology achieved certain internal performance goals related to geographic expansion and advanced packaging capacity.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of executive incentives with company performance.

Stakeholder Impact

• The vesting of PSUs aligns executive compensation with company performance, potentially benefiting shareholders.
• The tax withholding is a standard procedure and has no significant impact on stakeholders.

Key Dates