Form 4: FormFactor Director Sheri Rhodes Acquires Restricted Stock Units

Director Sheri Rhodes acquired 6,528 restricted stock units in FormFactor Inc. on May 16, 2025, which vest monthly and become exercisable on the earlier of the 2026 Annual Meeting of Stockholders and May 16, 2026.

Summary

• On May 16, 2025, Sheri Rhodes, a director of FormFactor Inc., acquired 6,528 restricted stock units (RSUs).
• The RSUs were granted pursuant to a board-approved grant in May 2025.
• If Rhodes ceases to provide services to the Issuer, unvested RSUs will be forfeited.
• The RSUs vest monthly and become exercisable on the earlier of the 2026 Annual Meeting of Stockholders and May 16, 2026.
• Following the transaction, Rhodes beneficially owns 17,990 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service to the company.

Risks

• If Sheri Rhodes ceases to provide services to FormFactor, unvested RSUs will be forfeited, potentially impacting her motivation.

Future Outlook

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

Industry Context

Grants of restricted stock units to directors are a common practice in the technology industry to align their interests with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• RSU grants are a typical component of director compensation packages in the semiconductor industry, similar to companies like Applied Materials (AMAT) and Lam Research (LRCX).
• The vesting schedule of monthly vesting until the earlier of the annual meeting or a specific date is fairly standard, aligning with common practices in the tech sector.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: Demonstrates commitment to retaining key personnel.
• Director: Incentivizes continued service and performance.

Key Dates

Keywords

FormFactor, Director, Sheri Rhodes, Restricted Stock Units, RSUs, Beneficial Ownership, Equity Grant