Engel Kevin K. 4
Research Summary
AI-generated summary
Amkor (AMKR) CEO Kevin Engel Sells 12,500 Shares
What Happened
- Kevin K. Engel, President & CEO and Director of Amkor Technology (AMKR), reported several equity transactions on Feb 24, 2026. He had 910 shares issued on vesting of time‑vested RSUs (reported at $0 as they were awards). Of the transactions reported, he sold 12,500 shares in the open market at a weighted average price of $48.75, generating proceeds of about $609,375. Separately, 372 shares were withheld to satisfy tax withholding obligations at an average price of $48.53 (tax value ≈ $18,053).
Key Details
- Transaction date: February 24, 2026; Form 4 filed Feb 26, 2026 (appears filed within the normal 2‑business‑day window).
- Open‑market sale: 12,500 shares at a weighted average price $48.75 (range $48.73–$48.81) — proceeds ≈ $609,375. (Footnote F2 provides the price range and offer to disclose per‑price counts if requested.)
- RSU vesting: 910 shares reported as acquired upon conversion of time‑vested RSUs (awarded under the 2021 Equity Incentive Plan; see F3). 372 of the shares were withheld to cover tax withholding (F1); the issuer will pay the taxes on his behalf.
- Shares owned after the transactions: not specified in the provided excerpt — see the full Form 4 for total post‑transaction holdings.
- Filing footnotes: F1–F3 explain tax withholding, the weighted average sale price range, and that the shares stem from RSUs granted Feb 24, 2022 and vesting over four years.
Context
- This filing reflects routine RSU vesting and an open‑market sale. The RSU entries are not purchases — they document issuance on vesting (no out‑of‑pocket exercise cost). The withholding of shares to cover taxes is a common administrative step and does not itself indicate a buy/sell decision. The notable item for investors is the sizeable open‑market sale (12,500 shares ≈ $609k).