Form 4: Director Daniel Liao Reports Stock Transactions in Amkor Technology

Director Daniel Liao reports the vesting and conversion of restricted stock units (RSUs) into common stock, along with the grant of additional RSUs, in Amkor Technology.

Summary

• Director Daniel Liao reported transactions involving Amkor Technology, Inc. (AMKR) stock on May 14, 2024.
• 8,571 restricted stock units (RSUs) vested and converted into common stock.
• These RSUs were initially granted on May 16, 2023, under the company's 2021 Equity Incentive Plan.
• Dividend equivalent units (DEUs) accrued on these RSUs were settled in cash.
• Additionally, 5,855 new RSUs were granted on May 14, 2024, which will vest on the earlier of the first anniversary of the grant date or the date of the Issuer's first annual meeting of stockholders immediately following the Grant Date.
• Following these transactions, Liao directly owns 34,787 shares of common stock and 5,855 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The granting of RSUs to directors aligns their interests with those of the shareholders.
• The vesting of RSUs indicates that performance or time-based milestones have been met.

Future Outlook

The 2024 RSUs will vest on the earlier of the first anniversary of the grant date or the date of the Issuer's first annual meeting of stockholders immediately following the Grant Date, subject to the terms and conditions of the applicable award agreement.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Amkor Technology. It provides transparency regarding the equity holdings of company directors.

Stakeholder Impact

• Shareholders are informed about the equity compensation and ownership of a key director.
• The transactions have a minor dilutive effect due to the issuance of new shares upon RSU vesting.

Key Dates