FormFactor (NASDAQ: FORM) director Sheri Rhodes receives 1,347 RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rhodes Sheri reported acquisition or exercise transactions in this Form 4 filing.
FORMFACTOR INC director Sheri Rhodes received a grant of 1,347 restricted stock units (RSUs) of Common Stock as equity compensation. The award was approved by the Board in April 2026 and increases her direct holdings to 11,703 shares.
The RSUs vest monthly and become fully exercisable on the earlier of the company’s 2027 Annual Meeting of Stockholders or May 15, 2027. Any unvested RSUs are forfeited if she ceases to provide services, subject to the company’s Equity Grant Policy for Outside Directors and any applicable agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rhodes Sheri
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,347 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,703 shares (Direct, null)
Footnotes (1)
- The reporting person was granted restricted stock units ("RSUs") pursuant to a grant approved by the Board in April 2026. If the reporting person ceases to provide services to the Issuer for any reason, all Restricted Stock Units that have not yet vested shall be forfeited without consideration except as provided in our Equity Grant Policy for Outside Directors and any other applicable agreements between the reporting person and Issuer. RSUs vest monthly and become exercisable on the earlier of the 2027 Annual Meeting of Stockholders and May 15, 2027.
Key Figures
RSUs granted: 1,347 RSUs
Post-transaction holdings: 11,703 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSUs granted
1,347 RSUs
Grant of restricted stock units to director on May 15, 2026
Post-transaction holdings
11,703 shares
Total Common Stock beneficially owned after grant
Grant price
$0.00 per share
Equity award, not open-market purchase
Vesting end date trigger
Earlier of 2027 Annual Meeting or May 15, 2027
RSUs vest monthly until this point
Key Terms
restricted stock units ("RSUs"), Equity Grant Policy for Outside Directors, Annual Meeting of Stockholders, Grant, award, or other acquisition
4 terms
restricted stock units ("RSUs") financial
"The reporting person was granted restricted stock units ("RSUs") pursuant to a grant approved by the Board in April 2026."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Equity Grant Policy for Outside Directors financial
"except as provided in our Equity Grant Policy for Outside Directors and any other applicable agreements"
Annual Meeting of Stockholders financial
"RSUs vest monthly and become exercisable on the earlier of the 2027 Annual Meeting of Stockholders and May 15, 2027."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did FORM (FormFactor Inc) report for Sheri Rhodes?
FormFactor Inc reported that director Sheri Rhodes received a grant of 1,347 restricted stock units (RSUs) of Common Stock. These RSUs are a form of equity compensation rather than an open-market purchase and were approved by the Board in April 2026.
How do Sheri Rhodes’s RSUs from FORM vest over time?
The granted RSUs vest monthly and become exercisable on the earlier of the company’s 2027 Annual Meeting of Stockholders or May 15, 2027. This schedule gradually delivers shares to the director over time, aligning compensation with continued service to FormFactor Inc.
What happens to unvested FORM RSUs if Sheri Rhodes leaves the company?
If Sheri Rhodes stops providing services to FormFactor Inc, all unvested RSUs are forfeited without consideration, except as provided under the company’s Equity Grant Policy for Outside Directors and any other applicable agreements between her and the issuer.