FORM insider filing: 2,955 RSUs settled; 1,642 shares withheld for taxes
Rhea-AI Filing Summary
Shahar Shai, an officer serving as CFO, SVP Global Finance of FormFactor Inc. (FORM), had 2,955 restricted stock units (RSUs) settle into common shares on 08/07/2025. To satisfy tax withholding obligations, 1,642 shares were withheld at a price shown as $27.98. The Form 4 reports the reporting person held 57,610 shares immediately after the RSU settlement and 55,968 shares following the withholding.
Table II shows 11,820 restricted stock units remained outstanding after the reported transactions. The disclosure notes these RSUs (granted 08/07/2023) vest quarterly through 08/07/2026 and unvested units are forfeited on termination except as set by certain agreements.
Positive
- None.
Negative
- None.
Insights
Routine executive RSU settlement; modest change in direct holdings, not a material shift in ownership.
The filing documents a standard vesting event: 2,955 RSUs converted to common stock and 1,642 shares were withheld for taxes at $27.98. The reported beneficial ownership moved from 57,610 to 55,968 shares after withholding. Remaining unvested RSUs total 11,820, with a specified vesting schedule through 08/07/2026. This disclosure is consistent with routine executive compensation and does not by itself indicate a material change to control or capital structure.
Standard equity-compensation disclosure; documents withholding and vesting schedule without governance concerns.
The Form 4 identifies the reporting person as an officer (CFO, SVP Global Finance) and itemizes a settlement of RSUs into common stock and tax-withholding disposition. The filing discloses the vesting cadence for awards granted on 08/07/2023 and the remaining 11,820 RSUs. The disclosure includes customary forfeiture provisions for unvested units upon termination and references existing change-of-control or equity agreements. The information is procedural and customary for executive equity grants.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,955 | $0.00 | -- |
| Exercise | Common Stock | 2,955 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,642 | $27.98 | $46K |
Footnotes (1)
- These shares of common stock reflect the settlement of restricted stock units of the Issuer. Each Restricted Stock Unit (RSU) is convertible into a share of common stock on a 1-for-1 basis. Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations. The Restricted Stock Units granted on August 7, 2023 vest in twelve (12) quarterly installments beginning on November 7, 2023 and ending on August 7, 2026 and will be settled into shares of common stocks on or following the vesting dates. If the reporting person's employment is terminated for any reason before an applicable Vesting Date, all restricted stock units that have not yet vested shall be forfeited without consideration, except as provided in the change of control severance agreement and any other agreements regarding equity vesting and exercisability between the reporting person and Issuer, which agreements or form agreements are filed with the SEC.
