Form 4: Amkor Technology Director Receives Stock Units

Director Roger Anthony Carolin was granted 5,855 restricted stock units (RSUs) by Amkor Technology on May 14, 2024.

Summary

• Roger Anthony Carolin, a director of Amkor Technology, Inc. (AMKR), was granted 5,855 restricted stock units (RSUs) on May 14, 2024.
• These RSUs were granted under the company's 2021 Equity Incentive Plan.
• The RSUs will vest in full 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.
• Each RSU can be converted into one share of Amkor Technology common stock.
• The RSUs were awarded for no consideration other than Carolin's service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service as a director.

Future Outlook

The director will be eligible to receive shares of Amkor Technology common stock upon vesting of the RSUs.

Industry Context

Granting stock options and RSUs to directors is a common practice to align their interests with those of shareholders and incentivize them to contribute to the company's long-term success. This is a standard form 4 filing.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary widely across the semiconductor industry.
• Companies like Texas Instruments (TXN), Intel (INTC), and Qualcomm (QCOM) also utilize equity-based compensation for their board members.
• The size and vesting schedule of the RSU grant are typical for director compensation at companies of Amkor's size and market capitalization.

Stakeholder Impact

• The RSU grant has a minor dilutive effect on existing shareholders.
• The grant incentivizes the director to act in the best interests of the company and its shareholders.

Key Dates