[Form 4] FORMFACTOR INC Insider Trading Activity
FORMFACTOR INC CEO Mike Slessor reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
FORMFACTOR INC CEO Mike Slessor reported routine equity compensation activity involving restricted stock units. On May 7, 2026, 5,908 Restricted Stock Units converted into an equal number of common shares on a 1-for-1 basis. In connection with this vesting, 3,288 common shares were withheld to satisfy tax withholding obligations, rather than sold in the open market. Following these transactions, Slessor directly held 456,475 shares of FORMFACTOR common stock. The RSUs were part of a grant dated August 7, 2023 that vests in twelve quarterly installments through August 7, 2026, and unvested units are forfeited if employment ends, subject to separate change-of-control and severance arrangements.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,908 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,908 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,288 | $144.68 | $476K |
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 August 7, 2023 vest in twelve (12) quarterly installments beginning on November 7, 2023 and ending on August 7, 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
What did FORM (FormFactor Inc) CEO Mike Slessor report in this Form 4?
What restricted stock units vested for the FORM (FormFactor) CEO in this Form 4?
How does the RSU vesting schedule work for FORM (FORM) CEO Mike Slessor?
What happens to unvested FORMFACTOR (FORM) RSUs if the CEO leaves the company?
AI-generated analysis. How Rhea-AI works. Not financial advice.