FormFactor CFO exercises RSUs, covers taxes in stock
FormFactor Inc. CFO Aric Brendan McKinnis reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
FormFactor Inc. CFO Aric Brendan McKinnis reported routine equity compensation activity involving restricted stock units. On May 5 and 6, 2026, restricted stock units converted into a total of 1,620 shares of common stock, reflecting scheduled vesting of prior RSU grants.
To cover tax withholding obligations on these vestings, 404 shares of common stock were withheld by the issuer, rather than sold in the open market. After these transactions, McKinnis directly held 12,356 shares of common stock. The RSUs vest in twelve quarterly installments and are forfeitable if employment ends before the applicable vesting dates, subject to existing severance and equity agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,620 shares exercised/converted
Exercise
6 txns
Insider
McKinnis Aric Brendan
Role
CFO, SVP Global Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,099 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,099 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 274 | $149.12 | $41K |
| Exercise | Restricted Stock Units | 521 | $0.00 | $0.00 |
| Exercise | Common Stock | 521 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 130 | $145.00 | $19K |
Holdings After Transaction:
Restricted Stock Units — 13,595 contracts (Direct);
Common Stock — 12,356 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations.
- F3. The Restricted Stock Units granted on August 5, 2024 vest in twelve (12) quarterly installments beginning on November 5, 2024 and ending on August 5, 2027 and will be settled into shares of common stock on or following the vesting dates.
- F4. 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.
- F5. The Restricted Stock Units granted on November 6, 2025 vest in twelve (12) quarterly installments beginning on February 6, 2026 and ending on November 6, 2028 and will be settled into shares of common stock on or following the vesting dates.
Key Figures
RSU shares converted: 1,620 shares
Shares withheld for taxes: 404 shares
Shares withheld price 1: $145.00 per share
+4 more
7 metrics
RSU shares converted
1,620 shares
Total common shares from RSU conversions on May 5–6, 2026
Shares withheld for taxes
404 shares
Tax-withholding dispositions of common stock on RSU vesting
Shares withheld price 1
$145.00 per share
Tax-withholding disposition price for 130 shares of common stock on May 5, 2026
Shares withheld price 2
$149.12 per share
Tax-withholding disposition price for 274 shares of common stock on May 6, 2026
Post-transaction holdings
12,356 shares
Common stock directly held after May 6, 2026 transactions
RSU grant vesting schedule 1
12 quarterly installments
RSUs granted August 5, 2024 vest from November 5, 2024 to August 5, 2027
RSU grant vesting schedule 2
12 quarterly installments
RSUs granted November 6, 2025 vest from February 6, 2026 to November 6, 2028
Key Terms
Restricted Stock Units, tax withholding obligations, vesting dates, change of control severance agreement, +1 more
5 terms
Restricted Stock Units financial
"These shares of common stock reflect the settlement of restricted stock units of the Issuer."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations."
vesting dates financial
"will be settled into shares of common stock on or following the vesting dates."
change of control severance agreement financial
"except as provided in the change of control severance agreement and any other agreements regarding equity vesting"
forfeited without consideration financial
"all restricted stock units that have not yet vested shall be forfeited without consideration"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FORM CFO Aric McKinnis report in this Form 4?
McKinnis reported routine equity compensation activity. Restricted stock units vested and converted into common shares, and a portion of those shares was withheld to cover tax obligations, with the remaining shares added to his direct holdings.
Did the FORM CFO make any open-market purchases or sales?
No open-market purchases or sales are reported. The transactions are RSU conversions (M code) and tax-withholding dispositions (F code), meaning the activity is compensation-related rather than discretionary buying or selling in the market.
How do the FormFactor RSUs for the CFO vest over time?
The RSUs vest in twelve quarterly installments under the disclosed grants, with settlement into common shares on or after each vesting date. Unvested RSUs are generally forfeited if employment ends before the applicable vesting date, subject to existing severance and equity agreements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
