Form 4: Shimmick Corp Director Acquires and Disposes of Shares Through RSU Conversion

Director Joseph Del Guercio reports acquisition and disposal of Shimmick Corp common stock through the conversion of Restricted Stock Units (RSUs).

Summary

• On June 14, 2024, Joseph Del Guercio, a director of Shimmick Corp, acquired 24,509 shares of common stock through the conversion of Restricted Stock Units (RSUs).
• On the same day, Del Guercio disposed of 24,509 shares of common stock, also related to the conversion of RSUs.
• Following these transactions, Del Guercio directly owns 24,509 shares of common stock.
• Additionally, Del Guercio holds 84,269 Restricted Stock Units (RSUs) that will vest in full and settle into shares of common stock on the date of the next annual meeting of the Issuer's stockholders, subject to continued service.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation.

Future Outlook

84,269 RSUs will vest in full and settle into shares of common stock on the date of the next annual meeting of the Issuer's stockholders, subject to Reporting Person's continued service through such date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider ownership.
• Employees holding RSUs are impacted by the vesting schedule and conditions.

Next Steps

• The remaining 84,269 RSUs will vest and settle into common stock at the next annual meeting, contingent on continued service.

Key Dates