McKinnis Aric Brendan 4

What Happened

• Aric Brendan McKinnis, CFO and SVP Global Finance of FormFactor (FORM), had 773 restricted stock units (RSUs) convert into 773 shares on March 2, 2026. The company withheld 193 of those shares to cover tax withholding at $99.70 per share (total withheld ≈ $19,242). Net shares received by McKinnis were 580, with a net value of roughly $57,826 based on the $99.70 share price. Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld for tax.

Key Details

• Transaction date: 2026-03-02. Withholding price used: $99.70/share.
• Gross value of vested shares: 773 × $99.70 ≈ $77,068.10; withheld value: 193 × $99.70 = $19,242.10; net value retained ≈ $57,826.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: these were RSUs settled 1-for-1 into common stock (F1); 193 shares were withheld to satisfy tax obligations (F2); these RSUs vest quarterly through June 2, 2026 and unvested units are forfeited if employment ends unless other agreements apply (F3, F4).
• Filing was submitted the day after the transaction (filed 2026-03-03 for a 2026-03-02 transaction), indicating a timely report.

Context

• This was a routine RSU vesting and share-withholding for taxes (a cashless settlement), not an open-market sale or purchase. Such withholding is standard and does not by itself indicate insider buying or selling intent. The RSUs originate from a grant that vests in quarterly installments through June 2, 2026; unvested units are generally forfeited on termination absent other agreements.