4/A: Daniel JL Liao Corrects Prior Filing on Photronics Inc. (PLAB) Stock Units
SEC Filing (Form 4/A)
Daniel JL Liao, a director at Photronics Inc., files an amended Form 4 to correct details regarding restricted stock units received as board compensation.
Summary
- Daniel JL Liao, a director of Photronics Inc. (PLAB), filed an amended Form 4 with the SEC.
- The amendment corrects details regarding a transaction on February 13, 2025, involving restricted stock units.
- The corrected filing shows the acquisition of 7,548 restricted stock units, reflecting $170,000 of board compensation divided by a fair market value of $22.52 per share on the grant date.
- The corrected price of the restricted stock unit is $0.
- These units vest in four equal installments: 25% on April 4, 2025, 25% on July 4, 2025, 25% on October 3, 2025, and the final 25% on January 2, 2026.
- Following the reported transaction, Liao beneficially owns 67,548 shares of Photronics Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The corrected filing provides accurate information to shareholders regarding the director's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of transaction involving restricted stock units. |
| 02/14/2025 | Date of original filing that was amended. |
| 04/04/2025 | First vesting date (25%) of the restricted stock units. |
| 07/04/2025 | Second vesting date (25%) of the restricted stock units. |
| 10/03/2025 | Third vesting date (25%) of the restricted stock units. |
| 01/02/2026 | Final vesting date (25%) of the restricted stock units. |
| 02/19/2025 | Date of the amended filing. |
Keywords
Form 4, Photronics Inc, PLAB, Director, Daniel JL Liao, Restricted Stock Units, SEC Filing, Beneficial Ownership, Amendment
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