FORM CEO reports RSU settlements: 3,644 and 6,031 shares
FormFactor (FORM) CEO and director Mike Slessor reported RSU settlements and associated tax withholdings.
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Rhea-AI Filing Summary
FormFactor (FORM) CEO and director Mike Slessor reported RSU settlements and associated tax withholdings. On 11/05/2025, 3,644 shares were acquired upon RSU settlement, with 2,025 shares withheld at $55.36 for taxes. On 11/06/2025, 6,031 shares were acquired upon RSU settlement, with 3,351 shares withheld at $54.22 for taxes. Following these transactions, he directly owned 539,047 shares. RSUs convert 1-for-1 into common stock and vest quarterly under grants dated August 5, 2024 and August 6, 2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,031 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,031 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,351 | $54.22 | $182K |
| Exercise | Restricted Stock Units | 3,644 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,644 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,025 | $55.36 | $112K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did FORM report on Form 4?
What is Mike Slessor’s direct ownership after these transactions for FORM?
How do the RSUs convert into FormFactor common stock?
What are the vesting schedules for the reported RSU grants at FORM?
What roles does the reporting person hold at FormFactor (FORM)?
AI-generated analysis. How Rhea-AI works. Not financial advice.