Amtech Systems director granted and vests RSUs
Amtech Systems director and 10% owner Robert M. Averick reported equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Amtech Systems director and 10% owner Robert M. Averick reported equity compensation activity involving restricted stock units and common shares. On March 4, 2026, he was granted 2,839 restricted stock units at a price of $0, increasing his restricted stock unit holdings to 10,920 as of that date.
On March 5, 2026, 8,081 restricted stock units vested and were exercised/converted into 8,081 shares of common stock on a one-for-one basis at $0 per share, bringing his directly held common stock to 707,341 shares. Footnotes indicate that entities described as the Kokino Family Clients beneficially own 2,250,000 common shares, and additional common shares are held by his spouse, which are reported as indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,081 shares exercised/converted
Exercise
6 txns
Insider
Averick Robert M
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,081 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,081 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,839 | $0.00 | $0.00 |
| holding | Director Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 13,759 contracts (Direct);
Common Stock — 707,341 shares (Direct);
Director Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 2,250,000 shares (Indirect, See footnotes 2 and 3 below);
Common Stock — 11,000 shares (Indirect, See footnote 4 below)
Footnotes (8)
- F1. Pursuant to a Schedule 13D filed on January 25, 2016, as amended (as further amended from time to time, the "Schedule 13D"), (i) Piton Capital Partners LLC ("Piton"), Cornice Fiduciary Management LLC (as trustee of the Trust (as defined in the Schedule 13D)) and M3C Holdings LLC (collectively, the "Kokino Family Clients"), (ii) Mr. Averick, and (iii) OIH LLC also report beneficial ownership of shares of the Issuer's $.01 par value common stock ("Common Shares").
- F2. Indicates 2,250,000 Common Shares beneficially owned by the Kokino Family Clients. Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"). Mr. Averick manages the Kokino Family Clients' investment in the Issuer as a Portfolio Manager of Kokino. Mr. Averick holds an indirect interest in certain Common Shares through his minority ownership of Piton, which is a Kokino Family Client (which ownership may be held through Piton's managing member, Piton Capital Management LLC ("PCM")). Also, Mr. Averick's incentive compensation/allocation as an employee of Kokino and member of Piton, which are generally calculated in Kokino's discretion subject to Piton's and PCM's governing documents, may be based on the performance of Common Shares held by Kokino Family Clients. Such compensation/allocation may be paid or made in cash and/or by way of increasing Mr. Averick's interest in Piton (either directly or indirectly through PCM). Kokino is PCM's managing member.
- F3. Mr. Averick no longer has a reportable beneficial interest in 500 shares of ASYS common stock owned by his immediate family member and included in his prior ownership reports.
- F4. Indicates Common Shares held by Mr. Averick's spouse.
- F5. Restricted stock units converted into shares of Common Stock on a one-for-one basis.
- F6. This is the total of all director stock options (right to buy), including those with different terms and conditions, held by Mr. Averick as of the filing date of this Form 4 (and after giving effect to the reported transactions).
- F7. This is the total of all restricted stock units held by Mr. Averick as of March 4, 2026, including those with different terms and conditions.
- F8. On March 5, 2025, Mr. Averick was granted 8,081 restricted stock units that vested on March 5, 2026. Restricted stock units converted into shares of Common Stock on a one-for-one basis.
FAQ
What insider transactions did ASYS director Robert M. Averick report?
Robert M. Averick reported equity compensation activity, not open-market trades. He received 2,839 restricted stock units and had 8,081 restricted stock units vest and convert into 8,081 shares of Amtech Systems common stock at $0 per share.
What new restricted stock unit grant did ASYS award to Robert M. Averick?
Amtech Systems granted Averick 2,839 restricted stock units on March 4, 2026, at a price of $0. This award increased his restricted stock unit holdings to a total of 10,920 units as of that date, before subsequent vesting activity.
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