Amkor (NASDAQ: AMKR) CEO sells shares and exercises RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amkor Technology President and CEO Kevin K. Engel reported multiple equity transactions. He sold 5,316 shares of common stock in an open-market transaction at $46.03 per share. He also acquired 1,345 shares of common stock through the exercise of restricted stock units, and 559 shares of common stock were withheld to cover tax obligations upon RSU vesting, with the issuer paying those taxes on his behalf.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,316 shares ($244,695)
Net Sell
4 txns
Insider
Engel Kevin K.
Role
President and CEO
Sold
5,316 shs ($245K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,316 | $46.03 | $245K |
| Exercise | Restricted Stock Units | 1,345 | $0.00 | -- |
| Exercise | Common Stock | 1,345 | $0.00 | -- |
| Tax Withholding | Common Stock | 559 | $47.48 | $27K |
Holdings After Transaction:
Common Stock — 786 shares (Direct);
Restricted Stock Units — 1,391 shares (Direct)
Footnotes (1)
- The transaction represents shares withheld by Amkor Technology, Inc. (the "Issuer") in connection with the vesting of certain restricted stock units ("RSUs") granted to the Reporting Person on February 16, 2023 (the "Grant Date") pursuant to the Issuer's 2021 Equity Incentive Plan, as amended, and the related award agreement. These shares were withheld to satisfy the Reporting Person's tax withholding obligations. The Issuer will pay these taxes on behalf of the Reporting Person. On the Grant Date, the Reporting Person was granted 5,567 RSUs which vest in four equal annual installments beginning on the first anniversary of the Grant Date.
FAQ
What insider transactions did Amkor (AMKR) CEO Kevin K. Engel report?
Kevin K. Engel reported selling 5,316 Amkor common shares at $46.03, exercising 1,345 restricted stock units into common shares, and having 559 shares withheld to pay taxes related to RSU vesting, with Amkor paying those taxes on his behalf.
How were taxes handled on the Amkor (AMKR) CEO’s RSU vesting?
To cover taxes on vested restricted stock units, 559 Amkor common shares were withheld. The company will pay the related tax obligations on behalf of Kevin K. Engel, as described in the footnote referencing the equity incentive plan and award agreement.
What is the vesting schedule of the Amkor (AMKR) CEO’s RSUs mentioned in the filing?
On February 16, 2023, the CEO received 5,567 restricted stock units that vest in four equal annual installments. The first installment vests on the first anniversary of the grant date, with remaining installments vesting annually thereafter under the equity incentive plan.