Form 4: Amkor Technology Executive Kevin Engel Reports Stock Transactions
SEC Form 4
Executive Vice President Kevin Engel reports acquisition and disposal of Amkor Technology stock and restricted stock units.
Summary
- Kevin Engel, an Executive Vice President at Amkor Technology, reported several transactions involving the company's stock.
- On February 19, 2025, 2,731 shares of common stock vested from performance-vested restricted stock units (PSUs).
- Also on February 19, 2025, 1,343 shares were disposed of to cover tax withholding obligations at a price of $22.72 per share.
- On February 20, 2025, 6,358 shares were acquired through the exercise of restricted stock units (RSUs).
- An additional 2,648 shares were disposed of on February 20, 2025, to cover tax obligations related to the vesting of RSUs at a price of $1 per share.
- Engel was also granted 32,594 RSUs and 43,459 RSUs on February 20, 2025, which vest over three and five years, respectively.
- Following these transactions, Engel beneficially owns 6,347 shares of common stock directly and 13,165 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The vesting of shares and grant of new RSUs are mildly positive, suggesting continued alignment of executive interests with company performance.
Positives
- The vesting of PSUs and RSUs indicates that the company is meeting its performance goals and rewarding its executives.
- The grant of new RSUs suggests continued confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax obligations, while standard practice, slightly reduces Engel's direct ownership in the company.
Future Outlook
The document does not contain explicit forward-looking statements, but the grant of new RSUs suggests an expectation of continued service and contribution from the executive.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for insider transactions. It provides transparency into the trading activities of company executives and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Start of the one-year performance period for PSUs. |
| 02/20/2024 | Grant date of 19,747 RSUs vesting in three equal annual installments. |
| 12/31/2024 | End of the one-year performance period for PSUs. |
| 02/19/2025 | Vesting date of 2,731 shares of common stock from PSUs; disposal of 1,343 shares for tax obligations. |
| 02/20/2025 | Exercise of 6,358 shares from RSUs; disposal of 2,648 shares for tax obligations; grant date of 32,594 and 43,459 RSUs. |
| 06/30/2026 | Date when 100% of the 43,459 RSUs granted on February 20, 2025 will be vested. |
Keywords
Amkor Technology, Kevin Engel, stock, RSU, PSU, Form 4, insider trading, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.