Form 4: SkyWater Technology Director Edward Daly Granted 11,428 Restricted Stock Units

SkyWater Technology, Inc. director Edward Daly was granted 11,428 restricted stock units valued at $8.75 per unit, increasing his direct beneficial ownership to 34,879 shares.

Summary

• Edward Daly, a Director of SkyWater Technology, Inc. (SKYT), was granted 11,428 Restricted Stock Units (RSUs) on May 21, 2025.
• The RSUs were valued at $8.75 per unit at the time of the grant.
• This grant increases Mr. Daly's direct beneficial ownership of SkyWater Technology common stock to 34,879 shares.
• The RSUs are contingent on Mr. Daly's continued service and will vest on the date immediately preceding the next annual meeting of the Issuer's stockholders.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a positive event for aligning interests and retaining talent, which is generally viewed favorably. There are no negative implications beyond minor dilution, which is standard for equity compensation.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Edward Daly aligns his interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The RSU grant serves as a form of compensation that incentivizes long-term commitment and performance from a key board member.

Negatives

• The issuance of 11,428 Restricted Stock Units (RSUs) represents a minor dilutive effect on existing shareholders, though typical for director compensation.

Future Outlook

The Restricted Stock Units granted to Director Edward Daly are contingent on his continued service and will vest on the date immediately preceding the next annual meeting of SkyWater Technology's stockholders, indicating a future vesting event.

Industry Context

The grant of Restricted Stock Units (RSUs) to directors is a common practice in the technology and semiconductor manufacturing industry, aligning executive and board interests with long-term shareholder value. This transaction reflects standard corporate governance and compensation practices for publicly traded companies.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a widely adopted practice across various industries, including the semiconductor and technology sectors, exemplified by companies like Intel, TSMC, and GlobalFoundries, which frequently utilize equity-based awards to incentivize and retain key personnel and board members.
• The specific grant size of 11,428 units for a director at SkyWater Technology (a specialized foundry) is within the typical range for non-executive director equity compensation, which often varies based on company size, market capitalization, and board responsibilities, generally aiming to provide competitive remuneration while fostering alignment with shareholder interests.

Corporate Governance

Related Party Transactions

• The transaction involves Edward Daly, a Director of SkyWater Technology, Inc., making it a related party transaction as it is an equity grant from the company to a member of its board.

Stakeholder Impact

• Shareholders: Potential minor dilution from the issuance of new shares upon RSU vesting, but also improved alignment of director interests with long-term shareholder value.

Next Steps

• The Restricted Stock Units (RSUs) are scheduled to vest on the date immediately preceding the next annual meeting of SkyWater Technology's stockholders, contingent on Edward Daly's continued service.

Key Dates

Recommendation

Keywords

SkyWater Technology, SKYT, Form 4, SEC filing, Restricted Stock Units, RSU, Insider transaction, Director compensation, Equity grant, Beneficial ownership