McKinnis Aric Brendan 4
Research Summary
AI-generated summary
FormFactor (FORM) CFO Aric McKinnis Receives RSUs; Shares Withheld
What Happened
- Aric Brendan McKinnis, FormFactor's CFO and SVP Global Finance, had restricted stock units (RSUs) settle into 1,620 shares of common stock (521 shares settled 2026-02-05; 1,099 shares settled 2026-02-06). The RSU settlements are recorded as exercise/conversion events at $0.00 (conversion of RSUs into shares).
- To cover tax withholding obligations, the company withheld 162 shares on 2026-02-05 at $83.87 (worth $13,587) and 336 shares on 2026-02-06 at $90.29 (worth $30,337), for a total withholding value of $43,924. These withholdings are recorded as dispositions to satisfy tax liabilities.
Key Details
- Transaction dates/prices: 521 shares converted on Feb 5, 2026 (conversion price $0); 162 shares withheld at $83.87 (Feb 5); 1,099 shares converted on Feb 6, 2026 (conversion price $0); 336 shares withheld at $90.29 (Feb 6).
- Net shares received before withholding: 1,620; shares withheld for taxes: 498.
- Filing was submitted on 2026-02-09 for transactions occurring Feb 5–6, 2026 — within the Form 4 two-business-day filing window (timely).
- Footnotes: F1–F2 confirm these were RSU settlements (1:1 conversion) with shares withheld for taxes. F3 notes inclusion of 626 shares acquired via the Employee Stock Purchase Plan (ESP P) on Jan 30, 2026. F4/F6 describe quarterly vesting schedules for the RSU grants; F5 notes unvested RSUs are forfeitable on termination except as provided by certain agreements.
Context
- This was a routine RSU settlement with share withholding to cover tax liabilities (not an open-market sale or purchase). The conversions were recorded at $0 (typical for RSU settlement); the only cash-equivalent transactions reported were the share-withholding disposals to satisfy taxes.
- The filing excerpt does not state total shares owned by McKinnis after these transactions; see the full Form 4 for complete ownership figures.