Form 4: Director McCourt Reports Stock Transactions in Amkor Technology

Sentiment:

SEC Form 4


MaryFrances McCourt, a director of Amkor Technology, reports the vesting and conversion of restricted stock units (RSUs) into common stock, as well as the grant of additional RSUs.

Summary

  • On May 14, 2025, director MaryFrances McCourt vested 5,855 time-vested restricted stock units (RSUs) granted under the Amkor Technology, Inc. 2021 Equity Incentive Plan.
  • A portion of these RSUs, specifically 0.0342 units, which had accrued as dividend equivalent units (DEUs), were settled in cash.
  • The remaining RSUs, including 162 DEUs, were converted into common stock of Amkor Technology on a one-for-one basis.
  • On May 15, 2025, McCourt was granted 9,789 additional RSUs, 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.
  • These new RSUs were awarded for no consideration other than McCourt's service as a director.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Positives

  • The vesting of RSUs indicates continued alignment of director interests with shareholder value.

Future Outlook

The newly granted 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 director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.

Key Dates

DateDescription
05/14/2025Vesting and conversion of 5,855 restricted stock units (RSUs) into common stock.
05/15/2025Grant date of 9,789 new restricted stock units (RSUs).
05/16/2025Date of the report filing.

Keywords

Amkor Technology, Director, MaryFrances McCourt, RSU, Restricted Stock Units, Equity Incentive Plan, Common Stock, Beneficial Ownership, Form 4

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