Form 4: Ichor Holdings CFO Greg Swyt Reports Acquisition of 25,541 Ordinary Shares Through RSU Grant

Chief Financial Officer of Ichor Holdings, Greg Swyt, reports the acquisition of 25,541 ordinary shares through a restricted stock unit (RSU) grant.

Summary

• On May 14, 2025, Greg Swyt, the Chief Financial Officer of Ichor Holdings, Ltd., acquired 25,541 ordinary shares of the company.
• This acquisition was a result of a restricted stock unit (RSU) grant.
• Following the transaction, Swyt directly owns 93,060 ordinary shares.
• The RSU grant vests as follows: 25% vests on May 14, 2026, and the remaining portion vests ratably on a quarterly basis over the subsequent three-year period.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a transaction. The RSU grant is a positive sign of incentivizing management, but it's a routine event.

Positives

• The RSU grant to a key executive like the CFO can be seen as a positive incentive, aligning their interests with the long-term performance of the company.

Future Outlook

The vesting schedule of the RSU grant indicates a long-term incentive structure for the CFO, aligning his interests with the company's performance over the next three years.

Industry Context

RSUs are a common form of executive compensation in the technology and manufacturing industries, often used to attract and retain key personnel. This grant aligns with standard practices for incentivizing executives in similar companies.

Comparison to Industry Standards

• RSU grants are a typical component of executive compensation packages in the semiconductor industry, often benchmarked against companies like Applied Materials, Lam Research, and ASML.
• The vesting schedule of 25% after one year followed by quarterly vesting is a fairly standard practice, aligning with industry norms for retention and performance incentives.
• The size of the RSU grant relative to the CFO's existing holdings and the company's overall share count would need to be compared to peer companies to determine if it is within a reasonable range.

Stakeholder Impact

• The RSU grant has a minor dilutive effect on existing shareholders.
• It incentivizes the CFO to work towards the long-term success of the company, which benefits all stakeholders.

Key Dates

Keywords

Ichor Holdings, ICHR, Form 4, Greg Swyt, CFO, RSU, Ordinary Shares, Beneficial Ownership, Securities