[Form 4] FORMFACTOR INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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 459,763 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
5,908 shares exercised/converted
Mixed
3 txns
Insider
SLESSOR MIKE
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,908 | $0.00 | -- |
| Exercise | Common Stock | 5,908 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,288 | $144.68 | $476K |
Holdings After Transaction:
Restricted Stock Units — 5,908 shares (Direct, null);
Common Stock — 459,763 shares (Direct, null)
Footnotes (1)
- 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. Represents the number of shares withheld upon vesting of restricted stock units to cover tax withholding obligations. 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. 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?
FORMFACTOR CEO Mike Slessor reported settlement of restricted stock units into common shares and related tax withholding. 5,908 RSUs converted into common stock, and 3,288 shares were withheld to cover tax obligations, leaving him with 459,763 directly held shares after the transactions.
What restricted stock units vested for the FORM (FormFactor) CEO in this Form 4?
5,908 Restricted Stock Units vested and were settled into the same number of FORMFACTOR common shares. Each RSU converts into one share. These units are part of an August 7, 2023 grant that vests quarterly from November 7, 2023 through August 7, 2026.
How does the RSU vesting schedule work for FORM (FORM) CEO Mike Slessor?
The RSUs granted on August 7, 2023 vest in twelve quarterly installments from November 7, 2023 to August 7, 2026. Unvested RSUs are forfeited if his employment ends before a vesting date, subject to separate change-of-control severance and equity-vesting agreements filed with the SEC.
What happens to unvested FORMFACTOR (FORM) RSUs if the CEO leaves the company?
Unvested RSUs are generally forfeited without consideration if employment terminates before a vesting date. However, separate change-of-control severance and equity-vesting agreements, already filed with the SEC, may modify vesting or exercisability terms in specific termination or transaction scenarios.