Form 4: Amkor Technology Director Robert Morse Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Robert Morse reports acquisition and disposal of Amkor Technology stock units related to vesting of restricted stock units.
Summary
- Robert Morse, a director of Amkor Technology, Inc., filed a Form 4 to report changes in beneficial ownership.
- On May 14, 2025, 6,017 restricted stock units (RSUs) vested and converted into common stock.
- These RSUs were granted on May 14, 2024, under the company's 2021 Equity Incentive Plan.
- Additionally, on May 15, 2025, Morse was granted 9,789 RSUs, which 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.
- Following these transactions, Morse directly owns 117,355 shares of common stock and 9,789 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. It doesn't inherently indicate positive or negative performance.
Positives
- The vesting of RSUs indicates continued alignment of director's interests with shareholders.
- The grant of additional RSUs incentivizes the director to contribute to the company's long-term success.
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
Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their transactions in the company's stock. This filing indicates ongoing equity-based compensation for a director at Amkor Technology.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- Employees may view the equity grants as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| May 14, 2024 | Reporting Person was granted 5,855 time-vested restricted stock units ('RSUs') |
| May 14, 2025 | Vesting of 6,017 RSUs and conversion into common stock. |
| May 15, 2025 | Grant date of 9,789 RSUs. |
| May 16, 2025 | Date of Form 4 filing. |
Keywords
Form 4, beneficial ownership, Amkor Technology, RSU, director, stock, AMKR
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