Form 4: Amkor Technology EVP Mark Rogers Reports Stock Vesting and Tax Withholding

EVP and General Counsel of Amkor Technology, Mark Rogers, reports the vesting of 8,260 shares of common stock and subsequent tax withholding of 3,540 shares.

Summary

• On August 13, 2024, Mark N. Rogers, EVP & General Counsel of Amkor Technology, Inc., reported the vesting of 8,260 shares of common stock.
• These shares are related to performance-vested restricted stock units (PSUs) granted on December 14, 2023, under the company's 2021 Equity Incentive Plan.
• The PSUs vested based on the achievement of internal performance goals related to geographic expansion and advanced packaging capacity.
• Additionally, 3,540 shares were withheld by Amkor Technology to satisfy tax withholding obligations related to the vesting of the PSUs at a price of $32.16 per share.
• Following these transactions, Rogers directly owns 30,000 shares of Amkor Technology.

Sentiment

Score: 6

Explanation: The document itself is neutral, reporting a routine transaction. The vesting of PSUs based on performance goals suggests positive company performance, but the tax withholding is a standard procedure.

Positives

• The vesting of PSUs indicates that Amkor Technology achieved certain internal performance goals related to geographic expansion and advanced packaging capacity, which could be viewed positively by investors.

Industry Context

This filing reflects standard executive compensation practices within the technology industry, where stock options and restricted stock units are commonly used to incentivize performance and align management interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a common practice among semiconductor companies like Taiwan Semiconductor Manufacturing (TSMC), Intel, and Samsung Electronics.
• The vesting of PSUs based on performance metrics such as geographic expansion and advanced packaging capacity aligns with industry trends focused on growth and technological advancement.
• Tax withholding practices are standard across publicly traded companies to ensure compliance with tax regulations.

Stakeholder Impact

• The vesting of PSUs could have a minor positive impact on shareholder sentiment if it is interpreted as a sign of the company achieving its strategic goals.

Key Dates