Form 4: Amkor Technology Director John D. Liu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director John D. Liu reports transactions involving Amkor Technology stock, including the vesting of restricted stock units and the grant of new units.
Summary
- On May 14, 2025, Director John D. Liu reported changes in beneficial ownership of Amkor Technology, Inc. stock.
- These changes involve the vesting of 2,970 time-vested restricted stock units (RSUs) granted on December 16, 2024, under the company's 2021 Equity Incentive Plan.
- 0.1825 of the RSUs, which had accrued as dividend equivalent units (DEUs), were settled in cash.
- The remaining RSUs, including 13 DEUs, converted into common stock on a one-for-one basis.
- On May 15, 2025, Liu was granted 9,789 additional RSUs, which will vest on the earlier of the first anniversary of the grant date or the date of the company's next annual meeting of stockholders.
- These new RSUs were awarded for his service as a director.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests.
Positives
- The vesting of RSUs indicates that the director is meeting the conditions of the equity incentive plan.
- The grant of new RSUs aligns the director's interests with those of the shareholders.
Future Outlook
The 9,789 RSUs granted on May 15, 2025, will vest on the earlier of the first anniversary of the grant date 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 equity ownership, common in publicly traded companies like Amkor Technology.
Stakeholder Impact
- The vesting and granting of RSUs can have a minor dilutive effect on existing shareholders.
- The equity grants align the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| December 16, 2024 | Reporting Person was granted 2,970 time-vested restricted stock units |
| May 14, 2025 | Vesting of 2,970 restricted stock units and conversion to common stock. |
| May 15, 2025 | Grant date of 9,789 restricted stock units. |
| May 16, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Director, Amkor Technology, AMKR, Equity Incentive Plan, Vesting
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