Form 4: Shimmick Corp Director J. Brendan Herron Reports Stock Transactions

Director J. Brendan Herron reports acquisition and disposal of Shimmick Corp common stock and restricted stock units (RSUs).

Summary

• On June 14, 2024, J. Brendan Herron, a director of Shimmick Corp, reported transactions involving the company's stock.
• Herron acquired 24,509 shares of common stock through the vesting of restricted stock units (RSUs).
• Herron also reported holding 54,509 shares of common stock in a joint account.
• Additionally, Herron acquired 84,269 RSUs on June 6, 2024, which will vest on the date of the next annual meeting of the Issuer's stockholders.
• These RSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions by a company insider.

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 continued service.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in outstanding shares upon RSU vesting.

Key Dates