Form 4: Shimmick Corp Director Heekin Reports Stock Transactions

Director Geoffrey E. Heekin reports the vesting and conversion of Restricted Stock Units (RSUs) into common stock of Shimmick Corp.

Summary

• On June 14, 2024, Director Geoffrey E. Heekin reported transactions involving Shimmick Corp's common stock.
• Heekin converted 24,509 Restricted Stock Units (RSUs) into common stock.
• These RSUs were initially granted on December 14, 2023, and vested on June 14, 2024.
• Heekin also acquired 84,269 Restricted Stock Units (RSUs) on June 6, 2024, which will vest at the next annual meeting of stockholders.
• Following these transactions, Heekin directly owns 24,509 shares of common stock and 84,269 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment.

Future Outlook

The 84,269 RSUs acquired on June 6, 2024, 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 disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. This filing provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions, allowing them to assess management's alignment with shareholder interests.

Key Dates