DEL GUERCIO JOSEPH 4
Research Summary
AI-generated summary
Shimmick (SHIM) Director Joseph Del Guercio Receives and Converts RSUs
What Happened
Joseph Del Guercio, a director of Shimmick Corp (SHIM), reported RSU activity on 2026-06-02. He recorded: (1) conversion/exercise of 100,671 RSUs into common stock (transaction code M) and a matching disposition of 100,671 shares at $0.00, and (2) a grant/award of 44,000 RSUs (transaction code A) at $0.00. The conversion line shows price "N/A" for the acquisition entry and the disposition is reported at $0.00 (no cash proceeds reported).
Key Details
- Transaction dates: reported activity on 2026-06-02; Form 4 filed 2026-06-04 (timely within the SEC’s 2-business-day window).
- Transactions: Exercise/conversion (M) of 100,671 RSUs (acquired) and simultaneous disposition of 100,671 shares at $0.00; Grant/award (A) of 44,000 RSUs at $0.00.
- Prices/values: acquisition listed as N/A for the converted shares; disposals and the new RSU grant reported at $0.00 (no cash proceeds reported).
- Shares owned after the transactions: not specified in the supplied excerpt of the filing.
- Footnotes: F1 — RSUs convert into common stock 1-for-1; F2 — RSUs vest and settle on the date of the next annual meeting subject to continued service; F3 — the 100,671 RSUs were originally granted on June 4, 2025 and were set to vest/settle at the next annual meeting.
Context
- These entries reflect RSU conversion/settlement and a new RSU award rather than an open-market purchase or sale. The $0.00 disposition reporting is typical in RSU settlements where shares may be withheld to satisfy tax withholding or reflect a net settlement; the filing does not state cash proceeds.
- This is not a cash purchase (a bullish signal) nor a typical sale for liquidity; it's compensation-related equity activity by an insider.