Form 4: Amkor Technology Director Susan Y. Kim Reports Share Transfers and Dividend Equivalent Units

Susan Y. Kim, a director at Amkor Technology, reported the transfer of 1,017,000 shares from a trust and the acquisition of dividend equivalent units, along with her indirect holdings through various trusts and partnerships.

Summary

• Susan Y. Kim, a director at Amkor Technology, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On December 23, 2024, 1,017,000 shares of Amkor common stock were transferred to Ms. Kim from a grantor retained annuity trust (GRAT).
• This transfer was a change in the form of ownership from indirect to direct, as Ms. Kim is the annuitant and sole trustee of the trust.
• Ms. Kim also acquired 108.7979 dividend equivalent units (DEUs) related to her restricted stock units (RSUs).
• The report also details Ms. Kim's indirect ownership of millions of shares through various trusts, limited partnerships, and a limited liability company.
• These indirect holdings include 4,418,610 shares held by trusts for family members, 11,023,102 shares held by GRATs for family members, and 3,483,000 shares held by GRATs where Ms. Kim is the settlor and annuitant.
• Additionally, she has indirect ownership of 19,484,809 shares through Sujoda Investments, LP, 16,710,668 shares through Sujochil, LP, and 2,478,325 shares through Sujoda Management, LLC.
• Ms. Kim disclaims beneficial ownership of these securities except to the extent of her pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing stock transfers and dividend equivalent units. It does not contain any significant positive or negative news, but the continued alignment of director interests is a positive sign.

Positives

• The transfer of 1,017,000 shares to Ms. Kim from the trust indicates a continued alignment of her interests with the company.
• The acquisition of dividend equivalent units suggests ongoing participation in the company's equity compensation plans.

Risks

• The document includes a disclaimer of beneficial ownership for the indirectly held shares, except for Ms. Kim's pecuniary interest, which could indicate a complex ownership structure.
• The large number of shares held indirectly through various entities could pose a risk if there are changes in control or management of those entities.

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

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in the semiconductor industry and other publicly traded sectors. It provides transparency into the holdings of key insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies, including those in the semiconductor industry like Amkor Technology.
• Similar filings are made by insiders at companies like Taiwan Semiconductor Manufacturing Company (TSMC) and Intel, detailing their transactions in company stock.
• The level of detail provided in this Form 4, including the breakdown of indirect holdings through various trusts and partnerships, is consistent with regulatory requirements and industry norms.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The transfer of shares and acquisition of DEUs by a director may be viewed positively by investors as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Amkor Technology, Susan Y. Kim, Form 4, Beneficial Ownership, Stock Transfer, Dividend Equivalent Units, GRAT, Trusts, Limited Partnership, Equity