Form 4: Ultra Clean GC Paul Yoonku Cho Awarded 8,041 RSUs

General Counsel Paul Yoonku Cho received a grant of 8,041 restricted stock units as part of a long-term incentive plan.

Summary

• Paul Yoonku Cho, General Counsel and Secretary, acquired 8,041 shares of common stock via Restricted Stock Units (RSUs) on May 22, 2026.
• The units are scheduled to vest over a three-year period in equal annual installments.
• Following this transaction, the reporting person directly owns a total of 23,885 shares of Ultra Clean Holdings, Inc.
• The transaction was reported to the SEC on May 27, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine administrative filing that demonstrates continued insider alignment without signaling a major shift in company fundamentals.

Positives

• Aligns management interests with shareholders through a multi-year vesting period.
• Increases the reporting person's total beneficial ownership to 23,885 shares.
• Demonstrates a commitment to long-term executive retention through equity-based compensation.

Negatives

• Represents potential minor dilution for existing shareholders as the units vest and convert to common stock.

Risks

• The ultimate value of the award is dependent on the company's stock price performance over the three-year vesting horizon.
• Vesting is typically contingent upon continued employment with the issuer.

Future Outlook

The granted restricted stock units will vest in three equal parts on each anniversary of the vesting commencement date, extending through May 2029.

Industry Context

StockSavvy.ai notes that equity-based compensation is a standard practice in the semiconductor equipment sector to retain key talent and align executive performance with long-term shareholder value, especially during periods of industry cyclicality.

Comparison to Industry Standards

• The three-year vesting schedule is consistent with standard practices at peer companies such as Ichor Holdings and Entegris.
• Equity grants for General Counsel roles at mid-cap technology firms typically range between 5,000 and 15,000 units annually depending on performance and company size.

Corporate Governance

Related Party Transactions

• Grant of equity-based compensation to an executive officer of the company.

Stakeholder Impact

• Shareholders may see a negligible impact on earnings per share due to the dilutive nature of RSU vesting.
• The General Counsel's financial interests are further tied to the company's market performance.

Next Steps

• First tranche of RSUs scheduled to vest on May 22, 2027.
• Second tranche of RSUs scheduled to vest on May 22, 2028.
• Final tranche of RSUs scheduled to vest on May 22, 2029.

Key Dates

Recommendation

This is a routine Form 4 filing regarding executive compensation and does not provide new material information regarding the company's financial performance or strategic direction that would warrant a change in investment rating.

Keywords

Ultra Clean Holdings, UCTT, Paul Yoonku Cho, Restricted Stock Units, Insider Trading, Executive Compensation, Semiconductor Equipment