Faust Megan 4
Research Summary
AI-generated summary
Amkor (AMKR) CFO Megan Faust Converts RSUs; Shares Withheld for Taxes
What Happened
- Megan Faust, Chief Financial Officer of Amkor Technology (AMKR), had time‑vested restricted stock units (RSUs) convert into 34,911 shares on February 20, 2026 (16,805 + 18,106 shares).
- To satisfy tax withholding on the vesting, the issuer withheld 14,960 shares (7,201 and 7,759 shares) at an indicated price of $47.94 per share, representing tax withholdings totaling $345,216 and $371,966 (combined ≈ $717,182). The filing shows the RSU conversion as a derivative exercise/conversion (code M) and the withholding as disposals for tax purposes (code F).
- This was not an open‑market sale of vested shares for cash proceeds to the insider but routine tax withholding related to RSU vesting; the issuer will pay the taxes on behalf of Ms. Faust per the filing.
Key Details
- Transaction date: February 20, 2026; Form 4 filed February 24, 2026 (timely).
- Shares converted: 16,805 and 18,106 (total 34,911). Shares withheld for taxes: 7,201 and 7,759 (total 14,960).
- Withholding price shown: $47.94 per share; withholding amounts ≈ $345,216 and $371,966 (total ≈ $717,182).
- Shares owned after the transaction: not disclosed in the information provided in your prompt / not stated in this summary.
- Relevant footnotes: withholding relates to RSUs from the 2024 and 2025 grant dates under Amkor’s 2021 Equity Incentive Plan; RSUs vest in three equal annual installments and were granted for service as an officer. The issuer will pay the taxes on behalf of the reporting person.
Context
- Code M entries reflect conversion/exercise of equity awards (here, time‑vested RSUs). The F entries reflect shares withheld to cover the insider’s tax withholding obligation (a common, routine administrative step), not an open market sale that signals sentiment.
- For retail investors: conversions and tax‑withholding disposals are routine and typically do not by themselves indicate a change in insider confidence.