Form 4: Amkor Technology EVP Mark Rogers Reports Stock Transactions Following RSU Vesting

Executive Vice President and General Counsel of Amkor Technology, Mark N. Rogers, reports transactions involving common stock and restricted stock units, including vesting and tax withholding.

Summary

• Mark N. Rogers, EVP & General Counsel of Amkor Technology, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, 3,080 shares of common stock vested from performance-vested restricted stock units (PSUs) granted on February 20, 2024, based on earnings per share performance.
• Also on February 19, 2025, 1,342 shares were withheld by the Issuer to cover tax obligations related to the PSU vesting at a price of $22.72.
• On February 20, 2025, 7,422 shares vested from restricted stock units (RSUs), and 3,181 shares were withheld for tax obligations at a price of $23.01.
• Additionally, on February 20, 2025, Rogers was granted 26,075 time-vested RSUs that will vest in three equal annual installments beginning on February 20, 2026.
• Following these transactions, Rogers directly owns 37,788 shares of common stock and 26,075 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices. The vesting of shares and granting of new RSUs are generally positive indicators of company performance and executive retention.

Positives

• The vesting of RSUs and PSUs indicates that the company is meeting performance goals and rewarding its executives.
• The grant of additional RSUs suggests continued confidence in the executive's role and the company's future.

Future Outlook

The executive will continue to receive shares from the vesting of RSUs over the next three years, contingent on continued service.

Industry Context

Executive stock transactions are common in the semiconductor industry as part of compensation packages designed to align management interests with shareholder value. Vesting schedules and performance-based awards are typical.

Comparison to Industry Standards

• Companies like Taiwan Semiconductor Manufacturing (TSM) and Intel (INTC) also utilize RSUs and PSUs as part of their executive compensation packages.
• The vesting schedules and performance metrics used by Amkor are likely benchmarked against industry peers to attract and retain talent.
• Tax withholding practices related to RSU vesting are standard across the industry.

Stakeholder Impact

• Shareholders may view the vesting of RSUs and PSUs as an alignment of executive interests with company performance.
• Employees may see the executive compensation package as a reflection of the company's commitment to its leadership.

Next Steps

• The executive will continue to receive shares from the vesting of RSUs over the next three years.
• The company will continue to monitor and report executive stock transactions as required by SEC regulations.

Key Dates