Director at FormFactor (NASDAQ: FORM) awarded 1,347 restricted shares in RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Titinger Jorge reported acquisition or exercise transactions in this Form 4 filing.
FORMFACTOR INC director Jorge Titinger received a grant of 1,347 shares of common stock on May 15, 2026 as a stock award, with no cash price per share. After this award, he directly holds 14,836 shares. The grant was made as restricted stock units approved by the Board in April 2026, which vest monthly until the earlier of the 2027 Annual Meeting of Stockholders or May 15, 2027. Any unvested units are forfeited if he ceases providing 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
Titinger Jorge
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,347 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,836 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
RSU grant size: 1,347 shares
Transaction price: $0.0000 per share
Holdings after grant: 14,836 shares
+1 more
4 metrics
RSU grant size
1,347 shares
Restricted stock unit grant on May 15, 2026
Transaction price
$0.0000 per share
Equity award, not open-market purchase
Holdings after grant
14,836 shares
Director’s direct ownership following the transaction
Vesting endpoint
May 15, 2027
Full exercisability no later than this date or 2027 meeting
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 FORM (FormFactor Inc) report for Jorge Titinger?
FormFactor Inc reported that director Jorge Titinger received a grant of 1,347 shares of common stock on May 15, 2026. The award came through restricted stock units as part of his director compensation, not an open-market purchase.
What are the vesting terms of Jorge Titinger’s RSUs reported by FORM?
The restricted stock units granted to Jorge Titinger vest monthly and become fully exercisable on the earlier of the 2027 Annual Meeting of Stockholders or May 15, 2027. These terms tie vesting to continued board service and a specific future date.
Under what conditions are FORM director Jorge Titinger’s unvested RSUs forfeited?
Unvested RSUs are forfeited if Jorge Titinger stops providing services to FormFactor for any reason. The filing notes that this forfeiture rule is subject to the company’s Equity Grant Policy for Outside Directors and any other applicable agreements.