FormFactor CFO settles RSUs, withholds shares
FormFactor Inc. CFO Aric Brendan McKinnis reported equity award activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
FormFactor Inc. CFO Aric Brendan McKinnis reported equity award activity involving restricted stock units and common shares. On March 2, 2026, 773 restricted stock units were converted into 773 shares of common stock at $0.00 per share as part of an RSU settlement.
On the same date, 193 common shares were disposed of at $99.70 per share to cover tax withholding obligations tied to the vesting of these RSUs. The RSUs were granted on June 2, 2023 and vest in twelve quarterly installments from September 2, 2023 through June 2, 2026, subject to continued employment and certain severance and change‑of‑control arrangements.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 773 | $0.00 | $0.00 |
| Exercise | Common Stock | 773 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 193 | $99.70 | $19K |
Footnotes (4)
- 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 June 2, 2023 vest in twelve (12) quarterly installments beginning on September 2, 2023 and ending on June 2, 2026 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.
FAQ
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What insider transactions did FORM CFO Aric McKinnis report on March 2, 2026?
Were the FORM insider transactions open-market buys or sells?
What are the vesting terms of the FORM restricted stock units granted June 2, 2023?
What happens to unvested FORM restricted stock units if the CFO leaves the company?
AI-generated analysis. How Rhea-AI works. Not financial advice.