Titinger Jorge 4
Research Summary
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FormFactor (FORM) Director Jorge Titinger Receives RSU Award
What Happened Jorge Titinger, a director of FormFactor, was granted 1,347 restricted stock units (RSUs) on May 15, 2026. The Form 4 reports the award as an "A" (award/grant) at $0.00 per share (total reported cash paid $0). The RSUs were approved by the Board in April 2026 and will convert to shares according to the vesting schedule below.
Key Details
- Transaction date: May 15, 2026; transaction type: Award/Grant (code A); reported price: $0.00.
- Number of RSUs granted: 1,347.
- Shares owned after transaction: not disclosed in the filing.
- Vesting/exercise: RSUs vest monthly and become exercisable on the earlier of the 2027 Annual Meeting of Stockholders and May 15, 2027 (per filing footnotes).
- Forfeiture: unvested RSUs are forfeited if the reporting person ceases providing services, except as allowed under the company’s Equity Grant Policy for Outside Directors or other applicable agreements.
- Filing date: May 19, 2026 — filed within the typical 2-business-day window after the May 15 transaction (appears timely).
Context RSUs are equity awards that convert into shares upon vesting; they are a form of compensation and do not represent an immediate purchase or sale of stock. Grants to outside directors are common and reflect compensation rather than a direct personal market bet. This filing documents the grant and vesting terms but does not indicate any immediate change in share ownership that could be sold.