Garcia David A. 4

What Happened
David A. Garcia, a director of Photronics, was granted 3,722 restricted stock units (RSUs) on April 13, 2026. The Form 4 reports an acquisition price of $0.00 (award/grant), so the filing shows an aggregate value of $0 for the transaction. This grant is compensation (an award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-13 (transaction code A = Award/Grant)
• Units granted: 3,722 RSUs at $0.00 (aggregate $0 reported on Form 4)
• Vesting (per footnote F1): 25% on Jul 8, 2026; 25% on Oct 8, 2026; 25% on Jan 8, 2027; 25% on Apr 8, 2027
• Plan: Granted under the Company’s 2025 Equity Incentive Compensation Plan (footnote F1)
• Filing date: 2026-04-15 — filed two days after the transaction (within the typical two-business-day Form 4 window, i.e., timely)
• Shares owned after transaction: Not specified in this filing

Context
RSUs are a form of equity compensation that convert to shares upon vesting; they require no cash purchase by the insider at grant and therefore often show $0 on Form 4. Such director grants are common as part of compensation and do not necessarily indicate the insider’s short-term market view. Retail investors should note the vesting schedule (when shares could be issued and potentially sold) but focus more on outright purchases for stronger signals of insider conviction.