Director St Dennis receives 1,347 RSUs at FormFactor (NASDAQ: FORM)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FormFactor Inc. director St Dennis Thomas received a grant of 1,347 restricted stock units (RSUs) as equity compensation. The award was approved by the Board in April 2026 and carries no purchase price, so the shares were acquired at $0.00 per share.
Following this grant, Thomas directly holds 32,873 shares of FormFactor common stock. The RSUs vest monthly and become fully exercisable on the earlier of the 2027 Annual Meeting of Stockholders or May 15, 2027. Any unvested RSUs are forfeited if he stops providing services, subject to the company’s Equity Grant Policy for Outside Directors and applicable agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
St Dennis Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,347 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 32,873 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 units
Grant price: $0.00 per share
Holdings after transaction: 32,873 shares
+1 more
4 metrics
RSUs granted
1,347 units
Equity award to director St Dennis Thomas
Grant price
$0.00 per share
RSU grant compensation, no purchase price
Holdings after transaction
32,873 shares
Thomas’s direct FormFactor common stock holdings
Vesting completion trigger
2027 Annual Meeting or May 15, 2027
Earlier date controls full exercisability of RSUs
Key Terms
restricted stock units ("RSUs"), Equity Grant Policy for Outside Directors, Annual Meeting of Stockholders
3 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."
FAQ
What insider transaction did FormFactor (FORM) director St Dennis Thomas report?
FormFactor director St Dennis Thomas reported an equity compensation grant of 1,347 restricted stock units. These RSUs were approved by the Board in April 2026 and increase his direct holdings in FormFactor common stock when they vest over time.
How many FormFactor (FORM) RSUs were granted to director St Dennis Thomas?
St Dennis Thomas received 1,347 restricted stock units from FormFactor as a Board-approved equity grant. The award has a grant price of $0.00 per share and will convert into common stock as the units vest under the specified schedule.
What is the vesting schedule for the FormFactor (FORM) RSUs granted to St Dennis Thomas?
The 1,347 RSUs granted to St Dennis Thomas vest monthly. They become fully exercisable on the earlier of the 2027 Annual Meeting of Stockholders or May 15, 2027, providing a gradual equity accrual tied to his ongoing service as an outside director.
What happens to unvested FormFactor (FORM) RSUs if St Dennis Thomas stops serving?
If St Dennis Thomas ceases to provide services to FormFactor, all unvested RSUs are forfeited without consideration. This forfeiture is subject to the company’s Equity Grant Policy for Outside Directors and any other applicable agreements governing his director compensation.
What are St Dennis Thomas’s total FormFactor (FORM) holdings after this RSU grant?
After the grant of 1,347 restricted stock units, St Dennis Thomas directly holds 32,873 shares of FormFactor common stock. This figure reflects his position following the reported transaction and includes previously held shares plus the awarded RSUs as they are credited.
Is the FormFactor (FORM) RSU grant to St Dennis Thomas a market purchase or sale?
The RSU grant to St Dennis Thomas is a compensation award, not a market trade. The units were granted at $0.00 per share and will convert into common stock as they vest, so there was no open-market buying or selling involved in this transaction.