Form 4: Amkor Technology Director Gil C. Tily Reports Stock Transactions

Director Gil C. Tily reports acquisition and disposal of Amkor Technology stock units related to vesting restricted stock units.

Summary

• On May 14, 2024, Director Gil C. Tily reported transactions involving Amkor Technology, Inc. stock.
• These transactions relate to the vesting of restricted stock units (RSUs) granted on May 16, 2023, under the company's 2021 Equity Incentive Plan.
• 8,571 RSUs vested, with a portion settled in cash and the remainder converted into common stock on a one-for-one basis.
• Additionally, 5,855 new RSUs were granted on May 14, 2024, which will vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard equity compensation practices. The vesting of RSUs and grant of new RSUs suggest continued alignment of the director's interests with the company's performance.

Positives

• The vesting of RSUs indicates continued alignment of the director's interests with those of the shareholders.
• The grant of new RSUs incentivizes the director to contribute to the company's long-term success.

Future Outlook

The newly granted RSUs will vest on the earlier of May 14, 2025, or the date of the Issuer's first annual meeting of stockholders immediately following the Grant Date.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It provides transparency into the equity holdings and transactions of company directors.

Comparison to Industry Standards

• Equity compensation in the form of RSUs is a standard practice among publicly traded technology companies to align the interests of executives and directors with those of shareholders.
• Companies like Texas Instruments (TXN) and Intel (INTC) also utilize RSUs as part of their compensation packages for directors and key employees.
• The vesting schedules and terms of these RSUs are generally comparable to industry norms, with vesting periods typically ranging from one to four years.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.
• Employees may view the equity compensation plan positively, as it is a common practice in the industry.

Key Dates