4/A: Photronics Director Adam M. Lewis Amends Filing to Correct Stock Unit Details

Adam M. Lewis, a director at Photronics Inc., amended a previous SEC filing to correct the amount and price of restricted stock units granted as part of board compensation.

Summary

• Adam M. Lewis, a director at Photronics Inc., filed an amendment to a previous Form 4 filing.
• The amendment corrects the amount of restricted stock units (RSUs) reported in the prior filing.
• The corrected amount of RSUs is 7,548, reflecting $170,000 of board compensation divided by the fair market value per share of $22.52 on the grant date.
• The amendment also corrects the restricted stock unit price to $0, indicating no consideration was paid by the recipient for the grant.
• The RSUs vest in four equal installments: 25% on April 4, 2025, 25% on July 4, 2025, 25% on October 3, 2025, and 25% on January 2, 2026.
• Following the reported transaction, Lewis beneficially owns 29,798 shares of Photronics Inc. common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting previously reported information. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The correction of information is a positive sign of transparency.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the compensation structure for board members.

Stakeholder Impact

• Shareholders benefit from accurate and transparent reporting of executive compensation.

Key Dates

Keywords

Photronics, Adam M. Lewis, Director, SEC Form 4, Amendment, Restricted Stock Units, Board Compensation, Vesting