Form 4: Amkor Technology Executive Farshad Haghighi Reports Stock Vesting and Tax Withholding

Executive Vice President Farshad Haghighi reports the vesting of performance-based restricted stock units and subsequent tax withholding of shares.

Summary

• On August 13, 2024, Farshad Haghighi, an Executive Vice President at Amkor Technology, Inc., had 8,260 shares of common stock vest as part of performance-vested restricted stock units (PSUs).
• These PSUs were granted on December 14, 2023, under the company's 2021 Equity Incentive Plan.
• The vesting was contingent upon achieving internal performance goals related to geographic expansion and advanced packaging capacity.
• Also on August 13, 2024, 4,187 shares were withheld by Amkor Technology to cover tax obligations related to the PSU vesting at a price of $32.16 per share.
• Following these transactions, Haghighi directly owns 12,427 shares of Amkor Technology common stock.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting required information about stock transactions. The vesting of PSUs suggests the company met certain performance goals, which is mildly positive.

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 Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the stock ownership of company executives and their transactions in the company's stock. Such filings are common for publicly traded companies like Amkor Technology.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• Vesting schedules and performance-based criteria are common features of these equity grants.
• Tax withholding practices related to stock vesting are standard across publicly traded companies.

Stakeholder Impact

• The vesting of PSUs could have a minor positive impact on shareholder sentiment if the performance goals are viewed as beneficial to the company's long-term growth.

Key Dates