Form 4: Director Gifts Shares at Photronics
Statement of Changes in Beneficial Ownership
Constantine S. Macricostas, a Director at Photronics Inc., reported the gifting of 50,000 shares of common stock to the Macricostas Family Foundation.
Summary
- Constantine S. Macricostas, a Director at Photronics Inc. (PLAB), reported transactions on April 1st and April 2nd, 2026.
- On April 1st, 2026, 13,000 shares of common stock were gifted, resulting in 447,895 shares beneficially owned directly.
- On April 2nd, 2026, an additional 37,000 shares of common stock were gifted, resulting in 410,895 shares beneficially owned directly.
- These gifted shares were transferred to the Macricostas Family Foundation Inc.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions (stock gifts) rather than performance-based financial results or strategic shifts.
Positives
- Director Constantine S. Macricostas has demonstrated support for the Macricostas Family Foundation through significant share gifts.
- The transactions indicate a continued beneficial ownership structure within the reporting person's affiliated entities.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, such as gifts, and do not typically reflect operational performance or future outlook of the company itself, but rather the personal financial decisions of insiders.
Related Party Transactions
- Gift of 13,000 shares of common stock from Constantine S. Macricostas to Macricostas Family Foundation Inc. on April 1, 2026.
- Gift of 37,000 shares of common stock from Constantine S. Macricostas to Macricostas Family Foundation Inc. on April 2, 2026.
Stakeholder Impact
- Shareholders: No direct impact on share price or company operations is indicated by these transactions. The gifts represent a transfer of ownership from an insider to a related foundation.
- Macricostas Family Foundation Inc.: Receives a significant contribution of Photronics Inc. stock, potentially increasing its asset base and philanthropic capacity.
Key Dates
| Date | Description |
|---|---|
| 04/01/2026 | Earliest transaction date reported and date of first stock gift. |
| 04/02/2026 | Date of second stock gift. |
| 04/14/2026 | Date the statement was signed. |
Keywords
Photronics Inc., PLAB, Form 4, Insider Transaction, Director, Beneficial Ownership, Stock Gift, Macricostas Family Foundation
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