Form 4: James J. Kim Reports Stock Transfers Related to Grantor Retained Annuity Trusts

James J. Kim, a director and member of a 10% owner group of Amkor Technology, Inc., reported the distribution of shares from grantor retained annuity trusts to himself and his spouse.

Summary

• On June 12, 2024, James J. Kim reported the distribution of 1,530,000 shares of Amkor Technology, Inc. common stock to himself from a 2023 Grantor Retained Annuity Trust.
• Additionally, 980,000 shares were distributed to his spouse, Agnes C. Kim, from another 2023 Grantor Retained Annuity Trust on the same date.
• Kim disclaims beneficial ownership of certain securities held in trusts, except to the extent of his pecuniary interest.
• After these transactions, Kim directly owns 2,342,787 shares and indirectly owns 1,695,000 shares through his spouse.
• He also has indirect ownership through various trusts, including the John T. Kim Family Trust, trusts for family members, and grantor retained annuity trusts.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transfers related to trusts, indicating a neutral sentiment.

Industry Context

This filing reflects routine transactions related to estate planning and trust management, which are common among corporate insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure, but the overall effect is likely minimal.

Key Dates