Form 4: Amkor Technology Director Susan Y. Kim Reports Changes in Beneficial Ownership

Susan Y. Kim, a director and member of a 10% owner group of Amkor Technology, Inc., reports transactions involving restricted stock units and common stock.

Summary

• On May 14, 2024, Susan Y. Kim reported changes in her beneficial ownership of Amkor Technology, Inc. stock.
• These changes involve the vesting of restricted stock units (RSUs) granted in 2023 and the grant of new RSUs in 2024.
• 8,571 RSUs from the 2023 grant vested, with a portion settled in cash and the remainder converted into common stock.
• 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 date of the Issuer's first annual meeting of stockholders immediately following the Grant Date.
• Kim also disclaims beneficial ownership of a significant number of shares held by various trusts and partnerships, except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral report on insider transactions, with no clear positive or negative implications for the company's performance.

Positives

• The grant of new RSUs to a director could be seen as an incentive for continued service and alignment with shareholder interests.

Future Outlook

The 2024 RSUs 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.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of the Reporting Person's pecuniary interest therein, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ('Section 16'), or for any other purpose.
• 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

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.

Stakeholder Impact

• The vesting of RSUs and the grant of new RSUs could have a minor dilutive effect on existing shareholders.

Key Dates