Director at FormFactor (NASDAQ: FORM) receives 1,347-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WHITE BRIAN C reported acquisition or exercise transactions in this Form 4 filing.
FORMFACTOR INC director Brian C. White received an equity grant of 1,347 shares of Common Stock in the form of restricted stock units (RSUs). The grant was approved by the Board in April 2026 and increased his direct holdings to 11,903 shares following the award.
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 RSUs that have not vested will be forfeited without consideration if he 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
WHITE BRIAN C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,347 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,903 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 shares
Holdings after grant: 11,903 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
RSUs granted
1,347 shares
Restricted stock units granted to director on May 15, 2026
Holdings after grant
11,903 shares
Total Common Stock held directly after RSU award
Grant price per share
$0.0000 per share
Reported price for RSU grant (non-cash compensation)
Vesting completion trigger date
May 15, 2027
RSUs fully exercisable by earlier of 2027 meeting or this date
Key Terms
restricted stock units ("RSUs"), Equity Grant Policy for Outside Directors, Annual Meeting of Stockholders, forfeited without consideration
4 terms
restricted stock units ("RSUs") financial
"The reporting person was granted restricted stock units ("RSUs") pursuant to a grant approved by the Board"
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."
forfeited without consideration financial
"all Restricted Stock Units that have not yet vested shall be forfeited without consideration except as provided"
FAQ
What did FORM (FormFactor Inc) director Brian C. White report in this Form 4?
Director Brian C. White reported receiving a grant of 1,347 restricted stock units of FORMFACTOR INC Common Stock. This equity award increased his direct holdings to 11,903 shares immediately after the grant, reflecting routine director compensation rather than an open-market stock purchase.
What are Brian C. White’s total FORM holdings after this RSU grant?
After the RSU grant, Brian C. White holds 11,903 shares of FORMFACTOR INC Common Stock directly. This figure includes the 1,347 restricted stock units reported in the Form 4, giving investors a snapshot of his current equity stake following the most recent director compensation award.
How do Brian C. White’s RSUs in FORM vest over time?
The restricted stock units granted to Brian C. White vest monthly. They become fully exercisable on the earlier of the 2027 Annual Meeting of Stockholders or May 15, 2027. This creates a gradual vesting schedule that aligns ongoing service as a director with incremental equity ownership.
What happens to unvested FORM RSUs if Brian C. White stops serving the company?
If Brian C. White ceases to provide services to FORMFACTOR INC, all unvested restricted stock units will be forfeited without consideration. This forfeiture is subject to the company’s Equity Grant Policy for Outside Directors and any other applicable agreements governing director service and equity awards.
Was Brian C. White’s FORM RSU grant an open-market stock purchase?
No, the filing describes the transaction as a grant or award acquisition, not an open-market purchase. The 1,347 shares were issued as restricted stock units with a reported price of $0.0000 per share, reflecting non-cash director compensation approved by the company’s Board in April 2026.