Form 4: Amkor Technology EVP Mark Rogers Reports Stock Transactions
SEC Form 4 Filing
Mark Rogers, EVP & General Counsel of Amkor Technology, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Mark Rogers, an EVP & General Counsel at Amkor Technology, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 14, 2025, Rogers vested 1,856 shares of common stock from restricted stock units (RSUs).
- 894 shares were withheld by Amkor Technology to cover Rogers' tax obligations at a price of $22.51 per share.
- Following these transactions, Rogers directly owns 31,809 shares of common stock and 3,711 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the semiconductor industry where equity-based compensation is prevalent.
Comparison to Industry Standards
- Equity compensation is a standard practice in the technology industry, including semiconductor companies like Taiwan Semiconductor Manufacturing (TSM), Intel (INTC), and Samsung Electronics.
- The vesting schedules and tax withholding practices described in the filing are typical for RSU grants in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the vesting and tax withholding of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/16/2023 | Grant Date of 7,423 RSUs which vest in four equal annual installments beginning on the first anniversary of the Grant Date |
| 02/14/2025 | Date of transaction: vesting of RSUs and tax withholding |
| 02/19/2025 | Date of signature on the Form 4 |
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