Form 4: Amkor Technology Executive Kevin Engel Reports Stock Transactions

Executive Vice President Kevin Engel reports stock transactions involving Amkor Technology, including the vesting of restricted stock units and shares withheld for tax obligations.

Summary

• Kevin Engel, an Executive Vice President at Amkor Technology, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 23, 2024, Engel exercised 910 restricted stock units (RSUs) which converted into common stock.
• Also on February 23, 2024, 372 shares were withheld by Amkor Technology to cover Engel's tax obligations related to the vesting of the RSUs at a price of $30.59 per share.
• Following these transactions, Engel directly owns 4,921 shares of Amkor Technology common stock.
• An earlier filing on February 22, 2024, contained an error underreporting the number of shares beneficially owned by 28 shares.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation activity. The correction of a previous error is a positive sign of diligence.

Positives

• The executive's stock ownership remains substantial, indicating continued alignment with the company's performance.

Negatives

• A previous filing contained an error, requiring correction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates