Form 4: FormFactor CEO Mike Slessor Reports Stock Transactions
SEC Form 4 Filing
Form 4 filing reveals FormFactor CEO Mike Slessor's stock transactions, including the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- On February 7, 2025, Mike Slessor, CEO of FormFactor Inc., reported transactions involving FormFactor's common stock.
- Slessor acquired 5,908 shares of common stock through the vesting of restricted stock units (RSUs).
- 3,282 shares were disposed of to cover tax withholding obligations at a price of $35.84 per share.
- Following these transactions, Slessor directly owns 522,650 shares of FormFactor common stock.
- Slessor also directly owns 35,448 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units vest in twelve quarterly installments ending on August 7, 2026, suggesting continued equity-based compensation for the reporting person.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in company strategy or performance.
Key Dates
| Date | Description |
|---|---|
| November 7, 2023 | Start date of the twelve (12) quarterly installments for vesting of restricted stock units. |
| February 7, 2025 | Date of the reported stock transactions (vesting of RSUs and shares withheld for tax obligations). |
| August 7, 2026 | End date of the twelve (12) quarterly installments for vesting of restricted stock units. |
| February 10, 2025 | Date of signature on the Form 4 filing. |
Keywords
FormFactor, Slessor, Stock Transactions, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership
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.