Tacker Sarah Beth 4
Research Summary
AI-generated summary
Shimmick (SHIM) COO Sarah Tacker Receives RSU Award; Shares Withheld
What Happened
- Sarah Beth Tacker, Chief Operating Officer of Shimmick Corp (SHIM), had 26,596 restricted stock units (RSUs) vest and convert into common shares on May 29, 2026. Of those, 8,463 shares were withheld by the company to satisfy tax withholding obligations, valued at $3.54 per share for a total withholding of $29,959. The remaining shares were delivered to her as common stock.
Key Details
- Transaction date: May 29, 2026 (filed June 2, 2026 — appears timely)
- Primary actions reported:
- Code M: Conversion/exercise of 26,596 RSUs into 26,596 common shares (settlement of award).
- Code F: 8,463 shares withheld to pay taxes at $3.54/share, total $29,959.
- Footnotes:
- F1: RSUs convert one-for-one into common stock.
- F2: Withheld shares represent tax withholding following vesting.
- F3: RSUs were granted April 29, 2026 and vested/settled in full on May 29, 2026.
- Shares owned after the transaction: not specified in the information provided in this summary.
- Filing timeliness: The Form 4 was filed within the normal SEC window (no late filing flag indicated).
Context
- This was an award vesting and settlement, not an open-market purchase or sale of previously held shares. The withholding of shares to cover taxes is a routine cashless settlement method and does not by itself signal a buy/sell decision by the insider.
- Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement); F = shares withheld to satisfy tax liabilities.