Form 4: John T. Kim Transfers Amkor Technology Shares to GRATs

John T. Kim, a director and member of a 10% owner group of Amkor Technology, Inc., reports the transfer of 2,100,000 shares of common stock to two Grantor Retained Annuity Trusts (GRATs) in a recent Form 4 filing.

Summary

• On August 9, 2024, John T. Kim distributed 2,000,000 shares of Amkor Technology, Inc. common stock to the John T. Kim GRAT #1 and 100,000 shares to the John T. Kim GRAT #2.
• The filing indicates that Kim is the annuitant and sole trustee of both GRATs, classifying the distributions as a change in the form of ownership from direct to indirect.
• Following the reported transactions, Kim directly owns 3,755,736 shares of common stock.
• Kim also indirectly owns shares through various entities, including family trusts (9,121,944 shares), other trusts (2,100,000 shares), Kim Capital Partners KCP, LLC (16,710,668 shares), Sujochil, LP (19,484,809 shares), and Sujoda Investments, LP (2,478,325 shares).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a shift in the form of ownership for John T. Kim's holdings in Amkor Technology.

Stakeholder Impact

• The transfer of shares to GRATs may have long-term implications for the ownership structure of Amkor Technology.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates