Form 4: FormFactor Director Receives RSU Grant

Director Kelley Steven-Waiss was granted 1,347 restricted stock units as part of the company's equity compensation program.

Summary

• Kelley Steven-Waiss, a Director at FormFactor Inc., acquired 1,347 restricted stock units (RSUs).
• The grant was approved by the Board in April 2026.
• The RSUs vest monthly and become exercisable on the earlier of the 2027 Annual Meeting of Stockholders or May 15, 2027.
• Following this transaction, the reporting person holds 26,526 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries no significant market sentiment.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None.

Risks

• RSUs are subject to forfeiture if the director ceases to provide services to the issuer, subject to specific policy exceptions.

Future Outlook

The RSUs are scheduled to vest monthly, becoming fully exercisable by May 15, 2027, or the 2027 Annual Meeting of Stockholders.

Management Comments

• The grant was approved by the Board in April 2026.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure long-term alignment with shareholder interests in the semiconductor equipment sector.

Comparison to Industry Standards

• The use of RSU grants for board compensation is consistent with standard practices for mid-cap technology companies.
• Vesting schedules tied to annual meetings are common among peer companies in the semiconductor industry.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of RSUs on May 15, 2027, or the 2027 Annual Meeting of Stockholders.

Key Dates

Keywords

FormFactor, FORM, Director, Insider Trading, Equity Compensation, RSU