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

Director Rebeca Obregon-Jimenez reports acquisition of 6,528 restricted stock units in FormFactor Inc.

Summary

• Rebeca Obregon-Jimenez, a director of FormFactor Inc., filed a Form 4 to report changes in beneficial ownership.
• On May 16, 2025, Obregon-Jimenez acquired 6,528 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• These RSUs were granted pursuant to a Board-approved grant in May 2025.
• The RSUs vest monthly and become exercisable on the earlier of the 2026 Annual Meeting of Stockholders and May 16, 2026.
• If Obregon-Jimenez ceases to provide services to the Issuer, unvested RSUs will be forfeited.
• Following the transaction, Obregon-Jimenez beneficially owns 17,126 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The RSU grant indicates confidence in the director and aligns interests with shareholders. There are no explicitly negative aspects.

Positives

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

Risks

• The forfeiture clause for unvested RSUs if the director ceases to provide services could be a risk if there are concerns about director retention.

Future Outlook

The document does not contain specific forward-looking statements, but the RSU grant suggests an expectation of continued service from the director.

Industry Context

Director stock ownership is a common practice to align management's interests with those of shareholders. RSU grants are a typical form of equity compensation.

Comparison to Industry Standards

• Equity compensation for directors is a standard practice across the semiconductor industry, with companies like Applied Materials and Lam Research also utilizing stock options and RSUs.
• The vesting schedule and forfeiture clauses are also typical, designed to incentivize long-term commitment.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

FormFactor, Obregon-Jimenez, Director, RSU, Restricted Stock Units, Beneficial Ownership, Form 4, Securities