Form 4: Amtech Systems Director Garnreiter Reports Stock Transaction
SEC Form 4 Filing
Director Michael Garnreiter reports the vesting and subsequent disposal of restricted stock units in Amtech Systems, Inc. on March 1, 2024.
Summary
- On March 1, 2024, Michael Garnreiter, a director of Amtech Systems, Inc., had 4,189 restricted stock units vest.
- These units were granted on March 1, 2023, and vested fully on the first anniversary of the grant date.
- Upon vesting, the 4,189 shares of Amtech Systems, Inc. common stock were disposed of.
- Following the transaction, Garnreiter continues to beneficially own 22,189 shares of Amtech Systems, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Restricted stock units were granted. |
| 03/01/2024 | Restricted stock units vested and shares were disposed of. |
| 03/04/2024 | Date of the report filing. |
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