Form 4: FormFactor Director Kelley Steven-Waiss Reports Acquisition of Restricted Stock Units

Director Kelley Steven-Waiss reports acquisition of 3,828 restricted stock units in FormFactor, Inc.

Summary

• Kelley Steven-Waiss, a director of FormFactor Inc., filed a Form 4 on May 21, 2024, reporting a transaction that occurred on May 17, 2024.
• The transaction involved the acquisition of 3,828 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs were granted pursuant to a board-approved grant from March 2024.
• The reporting person directly owns 36,421 shares of FormFactor Inc. common stock.
• The RSUs vest monthly and become exercisable on the earlier of the 2025 Annual Meeting of Stockholders and May 17, 2025.
• Settlement of vested units into common stock will occur on the earlier of the Settlement Date and the date the reporting person ceases to provide service to the Issuer, and thereafter on the first market trading day if the applicable date is not a market trading day.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing the acquisition of restricted stock units by a director. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The RSUs vest monthly and become exercisable on the earlier of the 2025 Annual Meeting of Stockholders and May 17, 2025.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The acquisition of RSUs by a director could have a slightly positive impact on shareholder sentiment.

Key Dates