Form 4: FormFactor CEO Mike Slessor Reports Stock Transactions
SEC Form 4 Filing
FormFactor CEO Mike Slessor reports the settlement of restricted stock units and shares withheld for tax obligations.
Summary
- On May 7, 2025, Mike Slessor, CEO of FormFactor Inc., reported transactions involving the company's common stock.
- Slessor settled 5,908 restricted stock units (RSUs), each convertible into one share of common stock.
- Additionally, 3,282 shares were withheld to cover tax obligations at a price of $29.66 per share.
- Following these transactions, Slessor directly owns 514,895 shares of FormFactor common stock and 29,540 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| August 7, 2023 | Date the Restricted Stock Units were granted. |
| November 7, 2023 | Start date of the twelve (12) quarterly installments for vesting of the Restricted Stock Units. |
| August 7, 2026 | End date of the twelve (12) quarterly installments for vesting of the Restricted Stock Units. |
| May 7, 2025 | Date of the reported stock transactions (settlement of RSUs and tax withholding). |
| May 8, 2025 | Date of signature on the report. |
Keywords
FormFactor, Mike Slessor, SEC Form 4, Stock Transactions, Restricted Stock Units, Common Stock, Beneficial Ownership
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