Form 4: Amkor Technology Insider Transaction: Grantor Retained Annuity Trust Distributes 1,530,000 Shares
SEC Form 4
The 2023 Grantor Retained Annuity Trust of James J. Kim distributed 1,530,000 shares of Amkor Technology (AMKR) common stock to James J. Kim on June 12, 2024.
Summary
- On June 12, 2024, the 2023 Grantor Retained Annuity Trust of James J. Kim distributed 1,530,000 shares of Amkor Technology, Inc. common stock to James J. Kim.
- Following the transaction, the trust directly owns 3,587,004 shares of Amkor Technology common stock.
- Susan Y. Kim serves as the sole trustee of the reporting person (the trust).
Sentiment
Score: 5
Explanation: This is a neutral transaction related to estate planning and does not inherently indicate positive or negative sentiment towards the company's performance.
Industry Context
This Form 4 filing reflects an insider transaction involving the distribution of shares. Such filings are routine and provide transparency into the ownership changes of company stock by individuals or entities with close ties to the company.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it represents a transfer of shares from a trust to an individual.
Key Dates
| Date | Description |
|---|---|
| 04/26/2023 | Date of the 2023 Grantor Retained Annuity Trust of James J. Kim |
| 06/12/2024 | Date of the transaction where 1,530,000 shares were distributed |
| 06/14/2024 | Date of the Form 4 filing |
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