Form 4: FormFactor CFO Shai Shahar Reports Stock Transactions
SEC Form 4 Filing
FormFactor's CFO, Shai Shahar, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.
Summary
- On November 7, 2024, Shai Shahar, CFO and SVP Global Finance of FormFactor Inc., reported transactions involving the company's common stock.
- Specifically, 2,955 restricted stock units (RSUs) vested, which were then settled into shares of common stock.
- Following the vesting, 1,640 shares were withheld to cover tax obligations at a price of $42.4 per share.
- After these transactions, Shahar directly owns 39,782 shares of FormFactor common stock and 20,685 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The restricted stock units vest in quarterly installments until 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. It provides transparency into the equity holdings of key personnel.
Stakeholder Impact
- The transactions have a minor impact on the overall share structure of the company.
Key Dates
| Date | Description |
|---|---|
| 08/07/2023 | Date the Restricted Stock Units were granted, vesting in twelve quarterly installments. |
| 11/07/2023 | First vesting date of the Restricted Stock Units. |
| 11/07/2024 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| 08/07/2026 | Final vesting date of the Restricted Stock Units. |
| 11/08/2024 | Date of signature for the Form 4 filing. |
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