Form 4: FormFactor Director Rebeca Obregon-Jimenez Reports Acquisition of Restricted Stock Units

Director Rebeca Obregon-Jimenez reports the acquisition of 3,828 restricted stock units (RSUs) in FormFactor, Inc.

Summary

• Rebeca Obregon-Jimenez, a director of FormFactor Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 3,828 restricted stock units (RSUs) on May 17, 2024, at a price of $0.
• These RSUs were granted pursuant to a Board-approved grant in March 2024.
• 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.
• Following the transaction, Obregon-Jimenez beneficially owns 15,431 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating standard compensation practices. The acquisition of RSUs by a director can be seen as a slightly positive sign, but it's not a major event.

Positives

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

Future Outlook

The vesting and settlement of the RSUs are contingent on continued service to the Issuer and will occur no later than the 2025 Annual Meeting of Stockholders or 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 regarding the holdings of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates