Form 4: Shimmick Corp CFO Todd Yoder Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Todd Yoder, CFO of Shimmick Corp, reports the acquisition of restricted stock units (RSUs) that will vest into common stock in the future, according to a Form 4 filing with the SEC.
Summary
- Todd Yoder, the Chief Financial Officer of Shimmick Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of restricted stock units (RSUs) that convert into common stock on a one-for-one basis.
- 72,464 RSUs will vest in full and settle into shares of common stock on April 14, 2026, subject to continued service.
- 181,159 RSUs will vest in full and settle into shares of common stock in three equal annual installments beginning on April 14, 2026, subject to continued employment.
- The filing also includes a Power of Attorney, granting John Carpenter the authority to act on Yoder's behalf in matters related to SEC filings.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The acquisition of RSUs by an executive is generally viewed as a positive, but it's not a major event.
Positives
- The acquisition of RSUs by the CFO could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The vesting of the RSUs is contingent upon continued service/employment, suggesting an expectation of continued involvement of the CFO with the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of RSUs is a common form of executive compensation.
Stakeholder Impact
- Shareholders may view the RSU grants as aligning management's interests with the company's long-term success.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 2025-04-21 | Date of execution for the Power of Attorney. |
| 2025-05-16 | Date of the transaction involving the Restricted Stock Units. |
| 2025-05-19 | Date of signature for the filing. |
| 2026-04-14 | Date when 72,464 RSUs will vest in full. |
| 2026-04-14 | Date when the first tranche of 181,159 RSUs will vest. |
Keywords
Form 4, SEC, Restricted Stock Units, RSUs, Shimmick Corp, Todd Yoder, CFO, Beneficial Ownership, Power of Attorney, John Carpenter
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