Form 4: Amkor Technology Director Susan Y. Kim Reports Share Transfers and Ownership Details

Director Susan Y. Kim reports the distribution of shares from a trust and clarifies previous filings regarding her beneficial ownership of Amkor Technology stock.

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 January 17, 2025, 274,000 shares were distributed to Susan Y. Kim from the James J. Kim 2021 Qualified Annuity Trust.
• An additional 274,000 shares were distributed to John T. Kim from the same trust.
• The filing also corrected a previous report from January 10, 2025, which incorrectly stated the distribution of 790,019 shares to James J. Kim; the correct number was 790,097 shares.
• Susan Y. Kim is a trustee of various trusts and a general partner of limited partnerships that hold significant amounts of Amkor Technology stock.
• She is considered to have a pecuniary interest in these shares, although she disclaims beneficial ownership except for her pecuniary interest.
• The total shares beneficially owned by Susan Y. Kim through various entities is substantial, including holdings through trusts, GRATs, and limited partnerships.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, not indicative of any positive or negative sentiment. It is a neutral disclosure of transactions and ownership.

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 insider, which is a common practice in the securities industry. It provides transparency into the holdings of key individuals within the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in the market.
• The level of detail provided in this filing is consistent with SEC requirements for reporting beneficial ownership.
• The use of trusts and limited partnerships for holding shares is a common strategy for estate planning and asset management among high-net-worth individuals and corporate insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The information is relevant to investors who track insider transactions as part of their investment analysis.

Key Dates

Keywords

Form 4, beneficial ownership, Amkor Technology, stock transfer, trust, GRAT, director, limited partnership, securities, share distribution