4/A: Photronics Director Walter M. Fiederowicz Amends Filing to Correct Restricted Stock Unit Details

Walter M. Fiederowicz, a director at Photronics, files an amended Form 4 to correct the amount and price of restricted stock units previously reported.

Summary

• Walter M. Fiederowicz, a director of Photronics Inc. (PLAB), filed an amendment to a previous Form 4 filing.
• The amendment corrects the amount of restricted stock units (RSUs) and their price.
• The corrected filing shows that Fiederowicz acquired 7,548 shares of common stock in the form of RSUs on February 13, 2025, at a price of $0.
• This acquisition brings his total holdings to 39,548 shares.
• The RSUs represent $170,000 of Board compensation divided by the fair market value per share of $22.52 on the grant date.
• 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.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing amendment, indicating standard corporate governance practices. The correction of details suggests attention to accuracy, which is mildly positive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments are not uncommon and often reflect minor corrections or clarifications.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and stock ownership.

Key Dates

Keywords

Form 4, Amendment, Restricted Stock Units, Director, Photronics, PLAB, Walter M. Fiederowicz, Beneficial Ownership, Securities