Form 4: Amkor Technology Executive Vice President Kevin Engel Transactions

Executive Vice President of Amkor Technology, Kevin Engel, had multiple transactions involving the withholding of common stock to cover taxes related to the early vesting of restricted stock units.

Summary

• Kevin Engel, an Executive Vice President at Amkor Technology, engaged in several transactions on December 6, 2024.
• These transactions involved the withholding of common stock to cover taxes associated with the early vesting of restricted stock units (RSUs).
• Specifically, 27, 30, 47, and 224 shares were withheld from the vesting of an equal number of RSUs.
• The price of the stock at the time of the transaction was $26.28 per share.
• These transactions were related to Engel's retirement eligibility status.

Sentiment

Score: 5

Explanation: The document describes routine transactions related to executive compensation and tax obligations, which is neutral in sentiment.

Industry Context

This type of transaction is common for executives who receive stock-based compensation, particularly when vesting schedules are accelerated due to retirement eligibility.

Comparison to Industry Standards

• Stock-based compensation and the associated tax withholding are standard practices across the technology industry.
• Many companies use restricted stock units as part of their executive compensation packages.
• The practice of withholding shares to cover taxes upon vesting is a common method to simplify tax obligations for employees.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the transfer of shares already allocated as compensation.
• The transactions ensure that the executive's tax obligations are met, which is a standard practice.

Key Dates

Keywords

Amkor Technology, Executive Vice President, Kevin Engel, Restricted Stock Units, RSUs, Stock Withholding, Retirement Eligibility, Tax Withholding, Common Stock