Form 4: Amkor Technology Director James J. Kim Reports Stock Transactions

James J. Kim, a director and member of a 10% owner group at Amkor Technology, Inc., reported the acquisition and disposal of common stock related to restricted stock units.

Summary

• On February 23, 2024, James J. Kim, a director at Amkor Technology, Inc., reported transactions involving the company's common stock.
• Kim acquired 2,599 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
• Simultaneously, 1,051 shares were disposed of to cover tax withholding obligations at a price of $30.59.
• Following these transactions, Kim directly owns 812,787 shares of Amkor Technology common stock.
• Kim also indirectly owns shares through various trusts, including the John T. Kim Family Trust, trusts for family members, and grantor retained annuity trusts (GRATs).
• The reporting person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest.
• The filing indicates that the reporting person is a member of a 10% owner group but disclaims beneficial ownership of securities owned by other members of the group.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't convey any particularly positive or negative sentiment.

Management Comments

• The Reporting Person states that the filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities owned by the other members of the group, for the purpose of Section 16, or for any other purpose.

Industry Context

Form 4 filings are routine disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing indicates standard compensation practices involving RSUs and tax withholding.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, similar to filings made by insiders at companies like Texas Instruments (TXN) or Intel (INTC).
• The vesting of RSUs and subsequent tax withholding are common compensation practices, aligning with industry norms for executive compensation.

Key Dates