Director at SkyWater (NASDAQ: SKYT) awarded 4,304 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SkyWater Technology, Inc. director Dennis J. Goetz received an equity grant in the form of 4,304 restricted stock units (RSUs) of common stock at no cash cost. These RSUs vest on the date immediately before the company’s next annual stockholder meeting, provided he continues to serve as a director through that date.
After this award, Goetz directly holds 28,017 shares of common stock. RSUs are a form of stock-based compensation that convert into shares as they vest, aligning director incentives with long-term shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goetz Dennis J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,304 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,017 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,304 units
Grant price: $0.00 per unit
Shares held after grant: 28,017 shares
3 metrics
RSU grant size
4,304 units
Restricted stock units awarded to director Dennis J. Goetz
Grant price
$0.00 per unit
Equity compensation award, non-cash
Shares held after grant
28,017 shares
Direct holdings of common stock following the RSU award
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
"The RSUs 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 Dennis Goetz?
SkyWater reported that director Dennis J. Goetz received a grant of 4,304 restricted stock units. These RSUs are a stock-based compensation award that will convert into common shares once they vest, rather than a cash purchase or open-market trade.
When do Dennis Goetz’s 4,304 SkyWater RSUs vest?
The 4,304 restricted stock units granted to Dennis J. Goetz vest on the date immediately preceding SkyWater’s next annual meeting of stockholders. Vesting is contingent on his continued service as a director through that specific vesting date.
What type of acquisition is shown in this SkyWater (SKYT) Form 4?
The Form 4 shows an acquisition coded “A,” indicating a grant, award, or other acquisition of equity. In this case, Dennis J. Goetz received 4,304 restricted stock units as director compensation, not as an open-market stock purchase for cash.