Almeida Michelle 4

What Happened
Michelle Almeida, a director of Photronics, was granted 1,234 restricted stock units (RSUs) on January 20, 2026. The Form 4 reports an acquisition (code A) at $0.00 per unit — this was an equity award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (appears timely, filed two days after the transaction).
• Grant: 1,234 RSUs reported at $0.00 per unit (no cash paid).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1 — RSUs granted under the company's 2025 equity incentive compensation plan. F2 — RSUs vest 100% on April 3, 2026.
• Transaction code: A (award/grant). No 10b5-1 plan or tax‑withholding noted in the filing.

Context
RSUs are compensation that convert into shares upon vesting; this grant will become shares only if and when the RSUs vest on April 3, 2026. Such director awards are routine compensation and do not by themselves signal a buy/sell decision by the insider.