Faust Megan 4
Research Summary
AI-generated summary
AMKOR (AMKR) CFO Megan Faust Receives RSUs; 1,912 Shares Withheld
What Happened
Megan Faust, Chief Financial Officer of Amkor Technology (AMKR), had 4,176 restricted stock units (RSUs) convert to common shares on February 16, 2026. Of those shares, 1,912 were withheld by the company to cover tax withholding obligations at $47.48 per share (total value ≈ $90,782). The conversion/settlement is reported as an exercise/conversion of a derivative (Form 4 code M) and the withholding is reported as a disposition for tax purposes (code F). Net shares delivered to Faust after withholding: 2,264.
Key Details
- Transaction date: 2026-02-16 (reported on Form 4 filed 2026-02-18); filing appears timely.
- Vesting/conversion: 4,176 shares acquired via RSU conversion (M) at $0.00 exercise price.
- Tax withholding: 1,912 shares withheld (F) at $47.48 per share, total ≈ $90,782.
- Net shares retained by insider: 2,264 (4,176 vested − 1,912 withheld).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The withheld shares satisfy the Reporting Person’s tax withholding obligations; the issuer will pay these taxes on her behalf (per filing).
- Grant context: These RSUs were part of a grant of 16,703 RSUs on Feb 16, 2023 that vest in four equal annual installments (4,176 ≈ one installment).
Context
This was a routine RSU vesting and share-withholding for tax purposes — not an open-market sale or purchase. Such withholding is common and does not by itself indicate a bullish or bearish signal from the insider. The filing shows conversion/settlement of derivative awards (RSUs) and the company withholding shares to satisfy taxes (cashless withholding).