Faust Megan 4
Research Summary
AI-generated summary
Amkor (AMKR) CFO Megan Faust Receives Awards; Shares Withheld
What Happened
- Megan Faust, Chief Financial Officer of Amkor Technology, received awards and had shares withheld to satisfy tax obligations on February 18, 2026. The filing shows:
- 4,538 shares vested (PSUs) from a 2024 award (acquired at $0.00).
- 9,325 shares vested (PSUs) from a 2025 award (acquired at $0.00).
- 26,743 time‑vested RSUs granted on Feb 18, 2026 (derivative award, acquired at $0.00).
- To cover withholding taxes, 1,945 and 3,996 shares were disposed (withheld) at $46.74 each, totaling $90,909 and $186,773 respectively — $277,682 in aggregate. These dispositions are tax withholding, not open‑market sales.
Key Details
- Transaction dates: vesting/grant and withholding occurred on 2026-02-18; Form 4 filed 2026-02-20 (appears timely).
- Prices shown for withheld shares: $46.74 per share.
- Shares involved: 40,606 total award shares (4,538 + 9,325 + 26,743); 5,941 shares withheld (1,945 + 3,996).
- Shares owned after transaction: not reported in the provided summary.
- Footnotes:
- PSUs (4,538 and 9,325) vested based on attainment of an EPS performance goal for Jan 1–Dec 31, 2025 (F1, F3).
- Withheld shares were used to satisfy tax withholding; issuer will pay these taxes on the reporting person’s behalf (F2).
- The 26,743 RSUs were granted on Feb 18, 2026 and vest in three equal annual installments starting one year after grant (F4).
- Transaction codes: A = award/grant, F = shares withheld to satisfy tax withholding.
Context
- These transactions are award vesting and a grant, not purchases or exercised option sales meant to raise cash in the open market. Withholding of shares for taxes is a routine administrative disposition and does not necessarily indicate the insider’s view of the company’s prospects.
- The RSUs are time‑based and will vest over three years; the PSUs vested due to met performance criteria for 2025.