Form 4: FormFactor CEO Mike Slessor Reports Stock Transactions
SEC Form 4
FormFactor CEO Mike Slessor reports the settlement of restricted stock units and shares withheld for tax obligations.
Summary
- On May 5, 2025, Mike Slessor, CEO of FormFactor Inc., reported transactions involving the company's common stock.
- Slessor settled 3,644 restricted stock units (RSUs), converting them into shares of common stock.
- Additionally, 2,025 shares were withheld to cover tax obligations related to the vesting of these RSUs at a price of $29.81.
- Following these transactions, Slessor directly owns 512,269 shares of FormFactor Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of grant for the Restricted Stock Units that vest in quarterly installments. |
| 11/05/2024 | Start date of the twelve (12) quarterly installments for vesting of the Restricted Stock Units. |
| 05/05/2025 | Date of the reported transactions: settlement of RSUs and tax withholding. |
| 05/07/2025 | Date of signature on the Form 4 filing. |
| 08/05/2027 | End date of the twelve (12) quarterly installments for vesting of the Restricted Stock Units. |
Keywords
FormFactor, Mike Slessor, FORM, SEC Form 4, Restricted Stock Units, RSU, Stock Transactions, Beneficial Ownership, Insider Trading
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