Form 4: Susan Y. Kim Grantor Trust Distributes 1,017,000 Amkor Technology Shares as Gift
SEC Form 4
The 2023 Grantor Retained Annuity Trust of Susan Y. Kim Dated 9/15/2023 reported the distribution of 1,017,000 shares of Amkor Technology (AMKR) common stock to Susan Y. Kim as a gift on December 23, 2024.
Summary
- On December 23, 2024, the 2023 Grantor Retained Annuity Trust of Susan Y. Kim Dated 9/15/2023 distributed 1,017,000 shares of Amkor Technology, Inc. common stock to Susan Y. Kim as a gift.
- Following the transaction, the trust directly owns 1,483,000 shares of Amkor Technology common stock.
- The reporting person clarifies that the Form 4 filing does not constitute an admission of beneficial ownership of securities held by other members of the group for Section 16 purposes.
Sentiment
Score: 5
Explanation: This is a neutral transaction reporting a gift of shares. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of significant shareholders and company insiders.
Stakeholder Impact
- The distribution of shares may have a minor impact on the overall shareholder base, but the effect is likely minimal given the size of the transaction relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 9/15/2023 | Date of the 2023 Grantor Retained Annuity Trust of Susan Y. Kim |
| 12/23/2024 | Date of the transaction where 1,017,000 shares of AMKR were distributed as a gift |
| 12/26/2024 | Date of the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.