Form 4: FormFactor Director Kelley Steven-Waiss Acquires Restricted Stock Units

Director Kelley Steven-Waiss acquired 6,528 restricted stock units in FormFactor Inc. on May 16, 2025.

Summary

• Kelley Steven-Waiss, a director of FormFactor Inc., reported a transaction on May 16, 2025.
• The transaction involved the acquisition of 6,528 shares of common stock in the form of restricted stock units (RSUs).
• The RSUs were granted pursuant to a board-approved grant in May 2025.
• The price of the acquired stock was $0.
• Following the transaction, Steven-Waiss directly owns 39,079 shares of FormFactor Inc.
• The RSUs vest monthly and become exercisable on the earlier of the 2026 Annual Meeting of Stockholders and May 16, 2026.
• If the reporting person ceases to provide services to the Issuer for any reason, all Restricted Stock Units that have not yet vested shall be forfeited without consideration except as provided in our Equity Grant Policy for Outside Directors and any other applicable agreements between the reporting person and Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by a director is generally a good sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Risks

• The forfeiture clause for unvested RSUs could incentivize short-term decision-making.

Future Outlook

The vesting schedule of the RSUs suggests a long-term commitment from the director to the company's success.

Industry Context

Director stock acquisitions are common in the semiconductor industry and are often seen as a positive sign of management's belief in the company's prospects.

Comparison to Industry Standards

• Director equity grants are a standard practice in publicly traded companies, including FormFactor's competitors such as Applied Materials and Lam Research.
• The size and vesting schedule of the RSU grant are likely aligned with industry norms for director compensation.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment.

Key Dates

Keywords

FormFactor, Kelley Steven-Waiss, Director, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, Equity Grant