Form 4: FormFactor CFO Shai Shahar Reports Stock Transactions
SEC Form 4
Form 4 filing reveals FormFactor's CFO, Shai Shahar, executed stock transactions involving common stock and restricted stock units.
Summary
- On February 7, 2025, Shai Shahar, CFO and SVP Global Finance of FormFactor Inc., engaged in transactions involving the company's common stock.
- Shahar acquired 2,955 shares of common stock through the vesting of restricted stock units.
- Simultaneously, 1,751 shares were disposed of to cover tax withholding obligations at a price of $35.84 per share.
- Following these transactions, Shahar beneficially owns 42,195 shares of FormFactor common stock and 17,730 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive, which is a normal course of business.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| August 7, 2023 | Date of grant for the Restricted Stock Units which vest in twelve quarterly installments. |
| November 7, 2023 | Start date of the quarterly vesting installments for the Restricted Stock Units. |
| August 7, 2026 | End date of the quarterly vesting installments for the Restricted Stock Units. |
| February 7, 2025 | Date of the reported stock transactions: acquisition of shares via RSU vesting and disposal of shares for tax obligations. |
| February 10, 2025 | Date of signature for the Form 4 filing. |
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