Form 4: Amkor Technology Executive James J. Kim Reports Stock Vesting and Tax Withholding

James J. Kim, a director and member of a 10% owner group at Amkor Technology, reported the vesting of 3,196 shares of common stock and a subsequent transaction to cover tax obligations.

Summary

• On February 19, 2025, James J. Kim, a director at Amkor Technology, Inc., reported the vesting of 3,196 shares of common stock related to performance-vested restricted stock units (PSUs).
• These PSUs were granted on February 20, 2024, and vested based on the company's earnings per share performance between January 1, 2024, and December 31, 2024.
• Additionally, 1,528 shares were withheld by Amkor Technology at a price of $22.72 to cover the reporting person's tax obligations related to the vesting of the PSUs.
• Following these transactions, Kim directly owns 941,393 shares of Amkor Technology common stock.
• Kim also indirectly owns shares through a spouse (95,000 shares) and various trusts, including the John T. Kim Family Trust (7,828,682 shares), the John T. Kim G-S Trust (1,957,350 shares), and a trust where Kim serves as trustee (164,678 shares).
• Kim disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages including stock options and restricted stock units are standard practice in the semiconductor industry, used to align management interests with shareholder value.
• Companies like Texas Instruments, Intel, and Micron also utilize similar equity-based compensation plans.
• The vesting schedules and performance metrics tied to these grants vary, but the underlying principle of incentivizing performance through equity remains consistent.

Stakeholder Impact

• The vesting of shares has a minor dilutive effect on existing shareholders.
• The report provides transparency to shareholders regarding executive compensation.

Key Dates

Keywords

Amkor Technology, James J. Kim, stock vesting, Form 4, insider trading, PSUs, tax withholding, beneficial ownership