Photronics (PLAB) President and CFO receives 22,641 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Photronics Inc. executive Eric Rivera, President and CFO, reported an equity award of 22,641 shares of common stock in the form of restricted stock units on February 9, 2026. These units were granted at a price of $0.00 as part of the company’s 2025 equity incentive compensation plan.
Following this grant, Rivera directly beneficially owns 177,690 shares of Photronics common stock. The restricted stock units vest in four equal 25% installments on January 12, 2027, January 12, 2028, January 12, 2029, and January 12, 2030, aligning his compensation with long-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rivera Eric
Role
President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 22,641 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 177,690 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted pursuant to the company's 2025 equity incentive compensation plan. Restricted stock units vest as follows: (i) 25% on January 12th, 2027, (ii) 25% on January 12th, 2028, (iii) 25% on January 12, 2029, and (iv) 25% on January 12th, 2030.
FAQ
What insider transaction did PLAB executive Eric Rivera report?
Eric Rivera reported receiving 22,641 restricted stock units of Photronics common stock. The grant was made on February 9, 2026 as equity compensation, increasing his directly held beneficial ownership to 177,690 shares following the transaction, aligning pay with the company’s long-term performance.
What role does Eric Rivera hold at Photronics Inc. (PLAB)?
Eric Rivera serves as President and Chief Financial Officer of Photronics Inc. This Form 4 shows equity compensation tied to his executive role, reflecting the company’s practice of granting restricted stock units under its 2025 equity incentive compensation plan to align leadership with shareholder interests.
What are the vesting terms of Eric Rivera’s 22,641 restricted stock units at PLAB?
The 22,641 restricted stock units vest in four equal 25% installments. The vesting dates are January 12, 2027, January 12, 2028, January 12, 2029, and January 12, 2030, providing long-term incentives tied to Rivera’s continued service and Photronics’ performance.
Was cash paid for the restricted stock units granted to PLAB’s Eric Rivera?
No cash was paid for this award; the units were granted at a price of $0.00 per share. The grant represents equity-based compensation under Photronics’ 2025 equity incentive compensation plan, rather than an open-market purchase of the company’s common stock.
What compensation plan governs Eric Rivera’s restricted stock grant at Photronics (PLAB)?
The restricted stock units were granted under Photronics’ 2025 equity incentive compensation plan. This plan provides equity awards to executives, and Rivera’s 22,641-unit grant is structured to vest annually from 2027 through 2030 in four equal 25% installments.