Form 4: Amtech Systems Director Garnreiter Receives Restricted Stock Units

Director Michael Garnreiter of Amtech Systems Inc. was granted 8,299 restricted stock units on March 6, 2024, which will vest on March 6, 2025.

Summary

• Michael Garnreiter, a director of Amtech Systems Inc., received 8,299 restricted stock units on March 6, 2024.
• These restricted stock units represent a contingent right to receive one share of Amtech Systems, Inc. common stock each.
• The restricted stock units will vest entirely on the first anniversary of the grant date, which is March 6, 2025.
• Following the transaction, Garnreiter beneficially owns 8,299 derivative securities.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management with shareholder interests.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing him to work towards the company's success.

Industry Context

This type of equity compensation is common in the technology industry to attract and retain talent and align management interests with shareholder value.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it incentivizes the director to improve company performance.

Key Dates