Amtech Systems (NASDAQ: ASYS) director gains shares through RSU grant and exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amtech Systems director Michael Garnreiter reported equity-award activity involving restricted stock units and common shares. On March 4, he received a grant of 2,839 restricted stock units, each representing a contingent right to one share of Amtech Systems common stock.
On March 5, he exercised or converted 8,081 restricted stock units at a price of $0.00 per unit, acquiring 8,081 shares of Amtech Systems common stock. Following these transactions, he held 2,839 restricted stock units and 38,569 common shares, all reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,081 shares exercised/converted
Mixed
3 txns
Insider
GARNREITER MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,081 | $0.00 | -- |
| Exercise | Amtech Systems, Inc. $0.01 par value common stock | 8,081 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,839 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,839 shares (Direct);
Amtech Systems, Inc. $0.01 par value common stock — 38,569 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Amtech Systems (ASYS) director Michael Garnreiter report?
Michael Garnreiter reported equity-award related transactions, including a grant of 2,839 restricted stock units and the exercise or conversion of 8,081 restricted stock units into 8,081 shares of Amtech Systems common stock, all at a reported price of $0.00 per unit.
What type of equity award did Michael Garnreiter receive from Amtech Systems (ASYS)?
He received 2,839 restricted stock units, each representing a contingent right to receive one share of Amtech Systems common stock. These units typically vest over time or upon meeting conditions, and they are reported as directly owned derivative securities in the Form 4 filing.
What does each restricted stock unit represent in the Amtech Systems (ASYS) Form 4?
Each restricted stock unit represents a contingent right to receive one share of Amtech Systems common stock. This means the holder may receive one share for each unit upon vesting or satisfaction of applicable conditions, as described in the Form 4 footnote.