Form 4: SkyWater Technology Director Tammy Miller Acquires 11,428 Shares Through RSU Grant

SkyWater Technology, Inc. Director Tammy J. Miller acquired 11,428 shares of common stock through a restricted stock unit grant on May 21, 2025.

Summary

• Tammy J. Miller, a Director of SkyWater Technology, Inc. (SKYT), acquired 11,428 shares of common stock.
• The transaction occurred on May 21, 2025, and represents a grant of Restricted Stock Units (RSUs).
• The acquisition price per share was $8.75.
• The RSUs are scheduled to vest on the date immediately preceding the next annual meeting of the Issuer's stockholders, contingent on Ms. Miller's continued service.
• Following this transaction, Tammy J. Miller directly beneficially owns 11,428 shares of SkyWater Technology, Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects a standard equity compensation grant to a director, aligning management interests with shareholders. While not indicative of new strategic developments, it signifies continued commitment and a routine aspect of corporate governance.

Positives

• Director Tammy J. Miller acquired 11,428 shares of common stock, which aligns her interests with those of the company's shareholders.
• The acquisition was through a grant of Restricted Stock Units (RSUs), a common form of equity compensation that incentivizes long-term commitment and performance from board members.

Future Outlook

The Restricted Stock Units (RSUs) granted to Director Tammy J. Miller are expected to vest on the date immediately preceding the next annual meeting of SkyWater Technology's stockholders, provided she continues her service on that vesting date.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a standard practice in the technology and semiconductor industry for executive and board compensation. This method is widely used to align the interests of directors with the long-term performance and shareholder value of the company.

Corporate Governance

Related Party Transactions

• Acquisition of 11,428 shares of common stock by Director Tammy J. Miller through a Restricted Stock Unit (RSU) grant, which constitutes a transaction with a related party.

Stakeholder Impact

• Shareholders: The RSU grant aligns the interests of Director Tammy J. Miller with long-term shareholder value, as the vesting is contingent on continued service and the value is tied to the company's stock performance.

Next Steps

• Vesting of the 11,428 Restricted Stock Units (RSUs) on the date immediately preceding the next annual meeting of stockholders, contingent on Tammy J. Miller's continued service.

Key Dates

Recommendation

Keywords

SkyWater Technology, SKYT, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Stock Acquisition, Tammy Miller, Equity Compensation