Form 4: SkyWater Technology Director Receives RSU Grant

Director Timothy E. Baxter was granted 5,738 restricted stock units as part of his compensation for service to SkyWater Technology.

Summary

• Director Timothy E. Baxter acquired 5,738 restricted stock units (RSUs) of SkyWater Technology, Inc. (SKYT) common stock.
• The transaction occurred on June 10, 2026.
• The RSUs were granted at a price of $0 per share.
• Following this transaction, the director's total beneficial ownership increased to 17,166 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial health.

Positives

• The grant aligns the director's interests with those of shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of the RSUs is contingent upon the director's continued service until the date immediately preceding the next annual meeting of stockholders.

Future Outlook

The RSUs are scheduled to vest on the date immediately preceding the next annual meeting of the Issuer's stockholders, subject to continued service.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure alignment with long-term shareholder value in the semiconductor and foundry services sector.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for publicly traded technology companies.
• The vesting schedule tied to the annual meeting is a common retention mechanism for board members.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of the 5,738 RSUs upon the date preceding the next annual stockholders meeting.

Key Dates

Keywords

SkyWater Technology, SKYT, Form 4, Insider Trading, Restricted Stock Units, Director Compensation