CHURCHILL WINSTON J 4
4 · AMKOR TECHNOLOGY, INC. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Amkor (AMKR) Director Winston J. Churchill Converts RSUs, Receives 2,613 RSUs
What Happened Winston J. Churchill, a director of Amkor Technology, had vested restricted stock units (RSUs) converted into 9,893 shares of Amkor common stock on May 13, 2026 (derivative conversion/exercise). A fractional portion of the award (0.0573 RSU) was settled in cash. On the same date he was also granted 2,613 new RSUs (no cash consideration) that will convert one-for-one into common stock upon vesting.
Financial detail: the conversions/grants were recorded at $0.00 per share in the filing (i.e., they were equity awards/settlements, not open-market purchases or sales), so no cash was paid or received as part of the conversion/grant in the Form 4 reporting.
Key Details
- Transaction date: May 13, 2026 (Form 4 filed May 15, 2026 — timely within reporting window).
- Transactions reported:
- Exercise/conversion (code M): 9,893 shares acquired @ $0.00.
- Derivative disposition: 9,893.057 shares @ $0.00 (reflects conversion and a fractional RSU settled in cash).
- Grant/award (code A): 2,613 RSUs @ $0.00 (new award).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: 2025 RSUs vested on May 13, 2026; 0.0573 RSU paid out in cash as a dividend equivalent and the remainder (including 104 DEUs) converted into common stock one-for-one.
- F2: The 2,613 RSUs were granted on May 13, 2026, vest in full on the earlier of the first anniversary of the grant or the next annual meeting, and were issued for director service only.
- Filing timeliness: filed May 15 for May 13 transactions — appears timely (no late-filing flag).
Context
- These transactions reflect vesting and conversion of equity awards (RSUs) and a new RSU grant — not an open-market buy or sale. Conversions of vested RSUs into shares are routine compensation events and do not necessarily signal a personal view about the company’s stock price.
- The fractional RSU cash settlement is a common administrative step to avoid issuing fractional shares. The new RSUs remain subject to vesting conditions.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-13+9,893→ 28,781 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-13−9,893.057→ 0 total→ Common Stock (9,893.057 underlying) - Award
Restricted Stock Units
[F2]2026-05-13+2,613→ 2,613 total→ Common Stock (2,613 underlying)
Footnotes (2)
- [F1]On May 15, 2025, the Reporting Person was granted 9,789 time-vested restricted stock units ("RSUs") pursuant to the Amkor Technology, Inc. (the "Issuer") 2021 Equity Incentive Plan, as amended (the "Plan"), and the applicable award agreement (the "2025 RSUs"). In connection with the vesting of the 2025 RSUs on May 13, 2026: (i) 0.0573 of the 2025 RSUs, which had accrued as dividend equivalent units ("DEUs") with each DEU representing an additional RSU subject to the same provisions as the RSU with respect to which the DEU was accrued, were settled in cash; and (ii) the remainder of the 2025 RSUs, including 104 DEUs, converted into common stock of the Issuer on a one-for-one basis.
- [F2]Represents shares of common stock underlying RSUs granted on May 13, 2026 (the "Grant Date") pursuant to the Plan (the "2026 RSUs"). Subject to the terms and conditions of the applicable award agreement, the 2026 RSUs may be converted into common stock of the Issuer on a one-for-one basis and will vest in full on the earlier of the first anniversary of the Grant Date or the date of the Issuer's first annual meeting of stockholders immediately following the Grant Date. The 2026 RSUs were awarded for no consideration other than the Reporting Person's service as a director of the Issuer.