SkyWater Technology (SKYT) director awarded 4,304 RSUs in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miller Tammy J reported acquisition or exercise transactions in this Form 4 filing.
SkyWater Technology director Tammy J. Miller received a grant of 4,304 restricted stock units (RSUs) of the company’s common stock. According to the disclosure, these RSUs vest on the date immediately preceding the next annual meeting of stockholders, contingent on her continued service through that vesting date.
Following this award, Miller is reported to directly own 15,732 shares of common stock. This reflects a routine equity grant intended to align director compensation with shareholder interests rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Tammy J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,304 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,732 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 4,304 units
Grant price: $0.00 per unit
Shares held after grant: 15,732 shares
+1 more
4 metrics
RSUs granted
4,304 units
Restricted stock unit award to director Tammy J. Miller
Grant price
$0.00 per unit
Reported transaction price for the RSU award
Shares held after grant
15,732 shares
Direct common stock ownership after the RSU grant
Vesting condition
Vests before next annual meeting
Vesting contingent on continued service as director
Key Terms
restricted stock units ("RSUs"), annual meeting of the Issuer's stockholders, continued service
3 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
annual meeting of the Issuer's stockholders regulatory
"vest on the date immediately preceding the next occurring annual meeting of the Issuer's stockholders"
continued service financial
"contingent on the reporting person's continued service on such vesting date"
FAQ
What insider transaction did SkyWater Technology (SKYT) report for Tammy J. Miller?
SkyWater Technology reported that director Tammy J. Miller received a grant of 4,304 restricted stock units. These RSUs are a stock-based award, not an open-market purchase, and form part of her equity compensation as a board member.
How many SkyWater Technology RSUs were granted to director Tammy J. Miller?
Tammy J. Miller was granted 4,304 restricted stock units of SkyWater Technology common stock. The Form 4 shows this as a grant or award transaction with a reported price of $0.00 per unit, indicating it is compensation rather than a cash purchase.
When do Tammy J. Miller’s SkyWater Technology RSUs vest?
The 4,304 RSUs granted to Tammy J. Miller vest on the date immediately preceding SkyWater Technology’s next annual meeting of stockholders. Vesting is contingent on her continued service as a director through that vesting date, as described in the filing footnote.
Was Tammy J. Miller’s SkyWater Technology transaction a stock purchase or a grant?
The transaction was a grant of restricted stock units, not an open-market stock purchase. The Form 4 classifies it as a grant or award acquisition with zero price per share, indicating equity compensation granted by the company’s board rather than a cash-funded buy.
What conditions apply to Tammy J. Miller’s SkyWater Technology RSU award?
The RSU award vests only if Tammy J. Miller continues serving as a director through the vesting date. That date is defined as immediately before the next annual meeting of SkyWater Technology stockholders, making continued board service a key condition for receiving the vested shares.