Form 4: MagnaChip Director Settles Restricted Stock Units for Tax Obligations

MagnaChip Semiconductor Corp. Director Kyo-Hwa Liz Chung settled 15,814 common shares from a restricted stock unit award to cover foreign tax liabilities.

Summary

• MagnaChip Semiconductor Corp. (MX) Director Kyo-Hwa Liz Chung reported a transaction involving the forfeiture and cash settlement of common stock.
• The transaction, dated June 15, 2025, involved 15,814 shares of common stock.
• These shares were part of a Restricted Stock Unit (RSU) award originally granted to the reporting person on June 15, 2024.
• The purpose of the forfeiture and cash settlement was to satisfy a foreign tax obligation that arose upon the vesting of 35,141 shares from the RSU award.
• The 15,814 shares were cash settled at a price of $3.84 per share, resulting in an aggregate cash settlement of $60,725.76.
• Following this transaction, the reporting person beneficially owns 49,228 shares of MagnaChip Semiconductor Corp. common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine transaction related to executive compensation and tax obligations, which is a neutral event for the company's operational or financial performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as it represents a routine tax-related settlement of restricted stock units for a director.

Key Dates

Keywords

MagnaChip Semiconductor, MX, SEC Form 4, Insider Transaction, Restricted Stock Unit, RSU, Stock Forfeiture, Tax Settlement, Kyo-Hwa Liz Chung, Director Compensation