[Form 4] FormFactor Inc. Insider Trading Activity
Rhea-AI Filing Summary
Form 4 filed for Aric Brendan McKinnis, CFO and SVP Global Finance of FormFactor, Inc. reports settlement of 773 restricted stock units (RSUs) into the same number of common shares on 09/02/2025, increasing his beneficial ownership to 11,496 shares. To satisfy tax withholding, 193 shares were withheld/sold at $28.43 per share, leaving reported beneficial ownership of 11,303 shares. The filing also shows 2,319 RSUs remaining unvested. The RSUs were originally granted on June 2, 2023 and vest quarterly through June 2, 2026; unvested units are forfeitable if employment ends.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU vesting and a tax-withholding sale; modest change in insider holdings with no material capital events.
The filing documents the scheduled settlement of 773 RSUs into common stock and a contemporaneous withholding of 193 shares at $28.43 to cover taxes, reducing post-transaction beneficial ownership from 11,496 to 11,303 shares. Remaining unvested RSUs total 2,319 and vest quarterly through June 2, 2026. These transactions are standard compensation mechanics and do not indicate additional purchases, dispositions for diversification, or sales beyond tax withholding.
TL;DR: Compensation-driven equity settlement with standard forfeiture terms; governance implications are routine.
The report confirms RSU settlement tied to an existing grant (June 2, 2023) and reiterates standard forfeiture language if employment terminates. The tax-withholding disposition of 193 shares is an administrative action, not an opportunistic open-market sale disclosed for other reasons. From a governance perspective, the filing documents alignment via equity compensation while preserving standard change-of-control and severance exceptions specified in prior agreements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 773 | $0.00 | -- |
| Exercise | Common Stock | 773 | $0.00 | -- |
| Tax Withholding | Common Stock | 193 | $28.43 | $5K |
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 June 2, 2023 vest in twelve (12) quarterly installments beginning on September 2, 2023 and ending on June 2, 2026 and will be settled into shares of common stocks on or following the vesting date. 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.