FormFactor (FORM) grants CFO Aric McKinnis 6,924 time-vested RSUs
Rhea-AI Filing Summary
McKinnis Aric Brendan reported acquisition or exercise transactions in this Form 4 filing.
FORMFACTOR INC reported that CFO and SVP Global Finance Aric Brendan McKinnis received a grant of 6,924 Restricted Stock Units on August 6, 2026. These RSUs vest in twelve quarterly installments from November 6, 2026 through August 6, 2029 and will be settled in common stock as they vest. Unvested units are forfeited if employment ends before the applicable vesting date, subject to any change of control severance or other equity agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McKinnis Aric Brendan
Role
CFO, SVP Global Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 6,924 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 6,924 shares (Direct)
Footnotes (2)
- F1. The Restricted Stock Units granted on August 6, 2026 vest in twelve (12) quarterly installments beginning on November 6, 2026 and ending on August 6, 2029 and will be settled into shares of common stock on or following the vesting dates.
- F2. 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.
Key Figures
RSUs granted: 6,924 Restricted Stock Units
Vesting installments: 12 quarterly installments
Underlying common shares: 6,924 shares
+1 more
4 metrics
RSUs granted
6,924 Restricted Stock Units
Grant to CFO and SVP Global Finance on August 6, 2026
Vesting installments
12 quarterly installments
From November 6, 2026 through August 6, 2029
Underlying common shares
6,924 shares
Each RSU is settled into one share of common stock upon vesting
Exercise/Conversion price
$0.0000 per share
RSUs are granted without cash exercise price
Key Terms
Restricted Stock Units, vesting, change of control severance agreement, forfeited without consideration
4 terms
Restricted Stock Units financial
"The Restricted Stock Units granted on August 6, 2026 vest in twelve (12) quarterly"
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.
vesting financial
"granted on August 6, 2026 vest in twelve (12) quarterly installments beginning on November"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
change of control severance agreement financial
"except as provided in the change of control severance agreement and any other agreements"
forfeited without consideration financial
"all restricted stock units that have not yet vested shall be forfeited without consideration"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did FORM (FORMFACTOR INC) grant to its CFO?
FORM granted its CFO, Aric Brendan McKinnis, 6,924 Restricted Stock Units on August 6, 2026. Each RSU represents a right to receive one share of common stock upon vesting and settlement.
How do the 6,924 RSUs granted by FORM to its CFO vest?
The 6,924 RSUs vest in twelve quarterly installments starting November 6, 2026 and ending August 6, 2029. Vested RSUs will be settled into shares of common stock on or after each vesting date.
What happens to unvested FORM RSUs if the CFO leaves the company?
If employment terminates before a vesting date, all unvested RSUs are forfeited without consideration. Exceptions may apply under any change of control severance agreement or other equity vesting agreements on file with the SEC.
Is the FORM CFO’s Form 4 transaction under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed as a plan transaction. The reported activity is a grant of Restricted Stock Units, not an open-market trade.
What ownership position does the FORM CFO report after this RSU grant?
After the grant, the CFO reports holding 6,924 Restricted Stock Units directly. These units convert into 6,924 shares of common stock as they vest and are settled over the stated schedule.