Rivera Eric 4

What Happened
Eric Rivera, President and Chief Financial Officer of Photronics, was awarded 22,641 restricted stock units (RSUs) on February 9, 2026. The grant price is $0.00 (no cash paid); the award represents a conditional right to receive company shares if vesting conditions are met. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: February 9, 2026; reported on Form 4 filed February 11, 2026.
• Transaction type and amount: Award/grant of 22,641 restricted stock units at $0.00 (code A on Form 4).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: RSUs granted under the company’s 2025 equity incentive compensation plan (F1). Vesting schedule (F2): 25% on Jan 12, 2027; 25% on Jan 12, 2028; 25% on Jan 12, 2029; and 25% on Jan 12, 2030.
• Timeliness: Filing appears timely (transaction 2026-02-09; Form 4 filed 2026-02-11).

Context
Restricted stock units are a form of equity compensation that convert into shares only after specified vesting dates; they do not represent immediately tradable stock. Grants are a routine part of executive compensation and should be viewed as company pay rather than a direct market buy or sell signal.