Form 4: FormFactor CFO Shai Shahar Reports Stock Transactions

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 August 7, 2024, Shai Shahar, the CFO and SVP of Global Finance at FormFactor Inc., engaged in transactions involving the company's common stock.
• Specifically, 2,955 restricted stock units vested, which were then converted into common stock.
• Following the vesting, 1,640 shares were withheld to cover tax obligations at a price of $43.11 per share.
• After these transactions, Shahar directly owns 37,970 shares of FormFactor common stock and 23,640 restricted stock units.
• The restricted stock units vest in quarterly installments until August 7, 2026.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The reporting person will continue to receive quarterly installments of restricted stock units until August 7, 2026, subject to continued employment.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the CFO's holdings, but it's unlikely to be significant.

Key Dates