Photronics (PLAB) director granted 3,722 restricted stock units in equity plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Photronics Inc. director Adam M. Lewis received a stock-based compensation award. On April 13, he was granted 3,722 shares of common stock at no cash cost, reported as a grant or award acquisition. Following this grant, he directly holds 34,792 shares of common stock.

The footnote clarifies these are restricted stock units under the company’s 2025 Equity Incentive Compensation Plan. The units vest in four equal 25% installments on July 8, 2026, October 8, 2026, January 8, 2027, and April 8, 2027, meaning the award becomes owned gradually over time.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LEWIS ADAM M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	3,722	$0.00	--

Holdings After Transaction: COMMON STOCK — 34,792 shares (Direct)

Footnotes (1)

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Key Figures

RSU grant size: 3,722 shares Grant price: $0.0000 per share Holdings after grant: 34,792 shares +4 more

7 metrics

RSU grant size 3,722 shares Restricted stock units granted April 13, 2026

Grant price $0.0000 per share Equity compensation award, not cash purchase

Holdings after grant 34,792 shares Common stock directly held after transaction

First vesting tranche 25% Vests on July 8, 2026

Second vesting tranche 25% Vests on October 8, 2026

Third vesting tranche 25% Vests on January 8, 2027

Fourth vesting tranche 25% Vests on April 8, 2027

Key Terms

restricted stock units, 2025 Equity Incentive Compensation Plan, vesting, Grant, award, or other acquisition, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units granted pursuant to the Company's 2025 Equity Incentive Compensation Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2025 Equity Incentive Compensation Plan financial

"granted pursuant to the Company's 2025 Equity Incentive Compensation Plan"

vesting financial

"vesting 25% on July 8, 2026, 25% on October 8, 2026, 25% on January 8, 2027, and 25% on April 8, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

COMMON STOCK financial

"security_title: COMMON STOCK"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 07:41 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LEWIS ADAM M

(Last)

(First)

(Middle)

15 SECOR ROAD

(Street)

BROOKFIELD

CONNECTICUT

06804

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PHOTRONICS INC [ PLAB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	04/13/2026		A		3,722⁽¹⁾	A	$0	34,792	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents restricted stock units granted pursuant to the Company's 2025 Equity Incentive Compensation Plan, vesting 25% on July 8, 2026, 25% on October 8, 2026, 25% on January 8, 2027, and 25% on April 8, 2027.

	/s/Brandon DeSocio, attorney-in-fact for Adam M. Lewis	04/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Photronics (PLAB) director Adam M. Lewis report in this Form 4?

Adam M. Lewis reported receiving 3,722 restricted stock units of Photronics common stock as a grant. This award is a form of equity compensation, not an open-market purchase, and increases his directly held stake to 34,792 common shares after the transaction.

How many Photronics (PLAB) shares were granted to Adam M. Lewis?

Adam M. Lewis was granted 3,722 shares of Photronics common stock in the form of restricted stock units. The grant price is listed as zero, reflecting a compensation award rather than a cash purchase made by the director in the open market.

How does this grant affect Adam M. Lewis’s Photronics (PLAB) holdings?

After receiving the 3,722-share award, Adam M. Lewis directly holds 34,792 shares of Photronics common stock. This figure represents his direct ownership position reported following the transaction and helps show the scale of the grant relative to his existing stake.

What is the vesting schedule for Adam M. Lewis’s new Photronics (PLAB) restricted stock units?

The 3,722 restricted stock units vest in four equal 25% installments. Vesting dates are July 8, 2026, October 8, 2026, January 8, 2027, and April 8, 2027, gradually delivering full ownership of the award over this multi-year period.

Under which plan were Adam M. Lewis’s Photronics (PLAB) restricted stock units granted?

The restricted stock units were granted under Photronics’ 2025 Equity Incentive Compensation Plan. This plan provides equity-based awards to eligible participants, using company stock as part of total compensation to align individual incentives with shareholder interests.