Form 4: PLAB CFO Reports Share Withholding for Taxes

Photronics Inc.'s EVP and CFO, Eric Rivera, reported the withholding of 1,959 common shares to cover tax liabilities associated with previously granted restricted stock awards.

Summary

• Eric Rivera, Executive Vice President and Chief Financial Officer of Photronics Inc. (PLAB), reported a transaction involving the company's common stock.
• On October 1, 2025, 1,959 shares of common stock were disposed of (withheld) to satisfy tax liabilities.
• These tax liabilities are associated with Restricted Stock Awards that were granted on October 1, 2024.
• The transaction price for the disposed shares was $0, as it represents a withholding for tax purposes.
• Following this reported transaction, Eric Rivera beneficially owns 119,815 shares of Photronics Inc. common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to executive compensation and does not indicate a positive or negative change in company fundamentals or management's outlook.

Future Outlook

NA

Industry Context

This filing represents a routine insider transaction related to executive compensation, specifically the vesting of restricted stock awards and the subsequent withholding of shares for tax purposes. Such transactions are common across all industries for publicly traded companies with executive compensation plans involving equity.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale for personal gain or a change in company strategy.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

Photronics, PLAB, Eric Rivera, CFO, Insider Transaction, Form 4, Restricted Stock Awards, Tax Withholding, Common Stock