Form 4: Photronics CFO Rivera Boosts Stake, Manages Tax Liabilities

Photronics' EVP and CFO Eric Rivera acquired 882 shares via an ESPP and subsequently disposed of 6,055 shares to cover tax obligations related to Restricted Stock Awards.

Summary

• EVP and CFO Eric Rivera acquired 882 shares of Photronics, Inc. common stock on October 14, 2025, through the Company's Employee Stock Purchase Plan (ESPP).
• The shares were purchased at $19.83 each, representing 85% of the fair market value on the offering date, which was lower than the fair market value on the purchase date.
• On January 2, 2026, Rivera disposed of a total of 6,055 shares of common stock at $33.41 per share.
• These dispositions were specifically for withholding shares to meet tax liabilities associated with Restricted Stock Awards.
• Following these transactions, Rivera's direct beneficial ownership stands at 114,642 shares.

Sentiment

Score: 6

Explanation: The acquisition of shares through an ESPP is a positive sign of insider confidence, though the subsequent sale for tax purposes is a routine event and not indicative of negative sentiment.

Positives

• EVP and CFO Eric Rivera acquired 882 shares of common stock through the Employee Stock Purchase Plan, indicating confidence in the company.
• The purchase price of $19.83 per share was at a discount (85% of fair market value on the offering date) due to the ESPP terms.

Negatives

• A total of 6,055 shares were disposed of to cover tax liabilities from Restricted Stock Awards, which reduces the insider's direct holdings.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The insider purchase may be viewed as a positive signal of management's belief in the company's value, while the tax-related sales are routine and have minimal impact on overall share structure.

Key Dates

Recommendation

The filing details routine insider transactions, including an ESPP purchase and tax-related share dispositions. While the ESPP purchase shows some insider confidence, the overall activity is standard for executive compensation and does not provide new material information to warrant a change in investment recommendation. Investors should consider broader company fundamentals and market conditions.

Keywords

Photronics, PLAB, SEC Form 4, Insider Trading, Stock Purchase, ESPP, Restricted Stock Awards, Tax Withholding, Executive Compensation, Beneficial Ownership