Yoder Todd Wilbur 4
4 · Shimmick Corp · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Shimmick (SHIM) CFO Todd Yoder Receives RSUs; Shares Withheld for Taxes
What Happened
Todd Wilbur Yoder, Chief Financial Officer of Shimmick Corp (SHIM), had Restricted Stock Units (RSUs) convert into 132,247 shares of common stock on April 14, 2026. To satisfy tax withholding on the vesting event, 38,728 of those shares were surrendered (disposed) at an effective withholding value of $3.91 per share, totaling $151,427. The filing shows the RSU derivative interests were cancelled (reported as derivative disposals at $0) and the net new shares retained by Yoder from this event equal 93,519 shares (132,247 vested − 38,728 withheld).
Key Details
- Transaction date: April 14, 2026; Form 4 filed April 16, 2026 (covers the Apr 14 event).
- Vested/converted shares acquired: 72,464 and 59,783 (total 132,247).
- Shares withheld for taxes (disposed): 22,335 and 16,393 (total 38,728) at $3.91 per share = $87,330 + $64,097 = $151,427.
- Net shares added to Yoder’s holdings from this event: 93,519 shares (132,247 − 38,728).
- Footnotes: RSUs convert one-for-one to common stock (F1). The withheld shares were used to pay taxes due on vesting (F2). The 72,464 RSUs were a grant dated May 16, 2025 that vested and settled on Apr 14, 2026 (F3). An additional 181,159-RSU grant vests in three annual installments beginning Apr 14, 2026 (F4).
- Timeliness: Filing appears timely (transaction Apr 14, 2026; Form 4 filed Apr 16, 2026). No late-filing indication was provided.
Context
This was an RSU vest-and-settle event with share withholding for taxes (a routine, non-market sale mechanism). The derivative entries reflect the conversion/cancellation of RSU awards into common stock. Such tax-withholding disposals do not necessarily signal a trading decision about the company’s outlook; they are a customary method to satisfy withholding obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-04-14+72,464→ 74,464 total - Tax Payment
Common Stock, par value $0.01 per share
[F2]2026-04-14$3.91/sh−22,335$87,330→ 52,129 total - Exercise/Conversion
Common Stock, par value $0.01 per share
[F1]2026-04-14+59,783→ 111,912 total - Tax Payment
Common Stock, par value $0.01 per share
[F2]2026-04-14$3.91/sh−16,393$64,097→ 95,519 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-04-14−72,464→ 0 total→ Common Stock, par value $0.01 per sharere (72,464 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-14−59,783→ 121,376 total→ Common Stock, par value $0.01 per share (59,783 underlying)
Footnotes (4)
- [F1]RSUs convert into common stock on a one-for-one basis.
- [F2]Represents shares withheld by the Company to pay taxes due following the vesting of previously granted Restricted Stock Units.
- [F3]On May 16, 2025, the Reporting Person was granted 72,464 RSUs which vested in full and settled into shares of common stock on April 14, 2026.
- [F4]On May 16, 2025, the Reporting Person was also granted 181,159 RSUs which vest in full and settle into shares of common stock in three equal annual installments beginning on April 14, 2026, subject to Reporting Person's continued employment.