FormFactor CEO settles 9,675 RSUs, shares withheld
FormFactor CEO Mike Slessor reported settlement of 9,675 Restricted Stock Units into common stock on August 5–6, 2026, reflecting quarterly vesting from August 2024 and August 2025 RSU grants.
Rhea-AI Filing Summary
FormFactor CEO Mike Slessor reported settlement of 9,675 Restricted Stock Units into common stock on August 5–6, 2026, reflecting quarterly vesting from August 2024 and August 2025 RSU grants. To cover taxes, 5,385 shares of common stock were withheld at prices around $114–$115 per share. Unvested RSUs are forfeitable if employment ends before future vesting dates, subject to existing change-of-control and severance agreements.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F5, F4 | 6,031 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 6,031 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 3,357 | $115.21 | $387K |
| Exercise | Restricted Stock Units F3, F4 | 3,644 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,644 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 2,028 | $114.44 | $232K |
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 August 6, 2025 vest in twelve (12) quarterly installments beginning on November 6, 2025 and ending on August 6, 2028 and will be settled into shares of common stock on or following the vesting dates.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
change of control severance agreement regulatory
vesting dates financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did FORM CEO Mike Slessor report for August 5–6, 2026?
How many RSUs from the August 5, 2024 grant vested for FORM's CEO on August 5, 2026?
How many RSUs from the August 6, 2025 grant vested for FORM's CEO on August 6, 2026?
What are the vesting schedules for FORM CEO Mike Slessor's 2024 and 2025 RSU grants?
What happens to unvested FORM RSUs for the CEO if employment terminates?
AI-generated analysis. How Rhea-AI works. Not financial advice.