FormFactor (FORM) CEO Mike Slessor details RSU vesting and tax share withholdings
Rhea-AI Filing Summary
FormFactor Inc. CEO Mike Slessor reported routine equity compensation activity over two days in early February 2026. On February 5, 2026, 3,644 restricted stock units (RSUs) converted into the same number of common shares at an exercise price of $0, with 2,095 of those shares withheld to cover tax obligations at $83.87 per share. On February 6, 2026, another 6,031 RSUs similarly converted to common stock for $0, with 3,357 shares withheld for taxes at $90.29 per share. Following these transactions, Slessor directly held 477,130 shares of common stock and continued to hold RSUs that vest quarterly through August 2027 and August 2028, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,031 | $0.00 | -- |
| Exercise | Common Stock | 6,031 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,357 | $90.29 | $303K |
| Exercise | Restricted Stock Units | 3,644 | $0.00 | -- |
| Exercise | Common Stock | 3,644 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,095 | $83.87 | $176K |
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 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. 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. 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
What insider transactions did FORM CEO Mike Slessor report in this Form 4?
What are the vesting terms of the CEO’s August 5, 2024 RSU grant at FormFactor (FORM)?
What are the vesting terms of the CEO’s August 6, 2025 RSU grant at FormFactor (FORM)?
What happens to the CEO’s unvested RSUs at FormFactor if employment ends?