[Form 4] Photronics Inc Insider Trading Activity

Rhea-AI Filing Summary

Photronics Inc. (PLAB) – Form 4 Insider Filing

CEO George Macricostas reported the grant of 109,830 restricted stock units (RSUs) on 07/09/2025 under the company’s 2025 equity incentive compensation plan. The RSUs carry no cash cost to the executive (reported price $0) and will vest in four equal annual installments of 25% each on May 28 of 2026, 2027, 2028 and 2029. Following this award, Macricostas’ direct ownership stands at 277,830 common shares. No derivative securities were reported in Table II and no dispositions occurred.

The filing is a standard compensation-related grant designed to incentivize and retain the CEO over a multi-year horizon; it does not reflect an open-market purchase or sale.

Positive

• 109,830 RSUs granted to the CEO provide long-term incentive alignment with shareholders through 2029.

Negative

• None.

Insights

Securities Analyst

TL;DR: CEO awarded 109.8k RSUs; neutral liquidity impact, modest alignment boost.

The grant increases Macricostas’ equity stake to 277.8k shares, strengthening alignment with shareholders while spreading vesting over four years to encourage retention. Because the award is non-cash and dilutive only upon future share issuance, the immediate financial impact on Photronics is immaterial. The absence of dispositions or sales suggests no negative signalling regarding the company’s prospects. Overall, the event is routine and should not materially affect valuation multiples or liquidity metrics.

Corporate Governance Expert

TL;DR: Multi-year vesting supports long-term governance goals; routine filing.

The RSU schedule (25% annual vesting through 2029) reflects a long-term incentive structure in line with governance best practices, encouraging sustained performance. No 10b5-1 trading plan is indicated, and the CEO remains a Form 4 filer, maintaining transparency under Section 16. From a governance standpoint, the transaction is positive but not transformational; it simply confirms ongoing equity-based compensation policy.

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^*

MACRICOSTAS GEORGE

(Last) (First) (Middle)

15 SECOR ROAD

(Street)

BROOKFIELD CT 06804

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	07/09/2025		A		109,830(1)	A	$0(2)	277,830	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted pursuant to the company's 2025 equity incentive compensation plan.

2. Restricted stock units vest as follows: (i) 25% on May 28, 2026, (ii) 25% on May 28, 2027, (iii) 25% on May 28, 2028, and (iv) 25% on May 28, 2029.

	/s/Brandon DeSocio, attorney-in-fact for George Macricostas	07/10/2025
	** 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.

FAQ

How many shares did PLAB's CEO receive in the latest Form 4?

George Macricostas received 109,830 restricted stock units on 07/09/2025.

What is the vesting schedule for the new RSUs reported by PLAB?

The RSUs vest 25% each on May 28 of 2026, 2027, 2028 and 2029.

Did the Photronics CEO sell any shares in this Form 4?

No. The filing reports only an acquisition of RSUs; there were no dispositions.

What is George Macricostas’ total direct ownership after the transaction?

Post-grant, he directly owns 277,830 common shares of Photronics.

Was a Rule 10b5-1 trading plan involved in the PLAB Form 4?

The filing does not indicate that the transaction was made under a Rule 10b5-1 plan.