Form 4: MaryFrances McCourt, Amkor Technology Director, Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director MaryFrances McCourt reports acquiring additional restricted stock units in Amkor Technology due to dividend equivalent accruals.
Summary
- MaryFrances McCourt, a director of Amkor Technology, Inc., reported the acquisition of additional restricted stock units (RSUs) due to dividend equivalent units (DEUs) accruing on existing RSU grants.
- On June 24, 2024, 17.9328 DEUs were accrued on RSUs granted on May 16, 2023, and 12.3846 DEUs were accrued on RSUs granted on May 14, 2024.
- These DEUs represent additional RSUs subject to the same provisions as the original RSUs.
- Following these transactions, McCourt directly owns 8,588.9749 RSUs related to the May 16, 2023 grant and 5,867.3846 RSUs related to the May 14, 2024 grant.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and insider alignment with shareholder interests through equity ownership.
Positives
- The acquisition of additional RSUs through dividend equivalents demonstrates the director's continued investment in the company's future.
- The accrual of dividend equivalents on RSUs is a standard practice that aligns the interests of directors with those of shareholders.
Industry Context
This filing is a routine disclosure related to director compensation and aligns with standard practices in the semiconductor industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| May 16, 2023 | Date of original RSU grant for which dividend equivalents accrued. |
| May 14, 2024 | Date of original RSU grant for which dividend equivalents accrued. |
| June 24, 2024 | Date of transaction: Accrual of dividend equivalent units (DEUs) on existing RSUs. |
| June 26, 2024 | Date of Form 4 filing. |
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