Form 4: Amkor Technology Director Douglas A. Alexander Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Director Douglas A. Alexander reports acquisition of restricted stock units due to dividend equivalents.

Summary

  • On April 1, 2024, Douglas A. Alexander, a director of Amkor Technology, Inc., reported changes in beneficial ownership.
  • The changes involve the acquisition of restricted stock units (RSUs) due to dividend equivalent units (DEUs) accrued from previous RSU grants.
  • 21.553 DEUs were accrued from RSUs granted on May 17, 2022, and 20.9884 DEUs were accrued from RSUs granted on May 16, 2023.
  • Each DEU represents an additional RSU subject to the same provisions as the original RSU.
  • Following the reported transactions, the director beneficially owns 8,904.9521 and 8,571.0421 restricted stock units.
  • The report was filed on April 3, 2024, by Mark N. Rogers, Attorney-in-Fact for Douglas A. Alexander.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine insider transactions related to equity compensation.

Positives

  • The acquisition of RSUs through dividend equivalents indicates a continued investment in the company by the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through equity-based awards.

Stakeholder Impact

  • The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

DateDescription
May 17, 2022Date of original RSU grant for which dividend equivalents were accrued.
May 16, 2023Date of original RSU grant for which dividend equivalents were accrued.
April 1, 2024Date of transaction (acquisition of RSUs due to dividend equivalents).
April 3, 2024Date of Form 4 filing.

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