St Dennis Thomas 4
Research Summary
AI-generated summary
FormFactor (FORM) Director St Dennis Thomas Receives 1,347 RSUs
What Happened
- St Dennis Thomas, a director of FormFactor, was granted 1,347 restricted stock units (RSUs) on May 15, 2026. The Form 4 reports the acquisition price as $0.00 (these are an award, not a cash purchase or sale). RSUs convert to shares only when they vest.
Key Details
- Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (timely filing).
- Reported amount: 1,347 RSUs; reported acquisition value: $0.00.
- Shares owned after the transaction: not specified in the filing.
- Relevant footnotes: grant was approved by the Board in April 2026 (F1); unvested RSUs are forfeited if the director ceases service except as provided by the Equity Grant Policy for Outside Directors and any other agreements (F2); RSUs vest monthly and become exercisable on the earlier of the 2027 Annual Meeting of Stockholders and May 15, 2027 (F3).
Context
- RSUs are a form of equity compensation that convert to actual shares only upon vesting; this grant is standard director compensation and not an open-market purchase or sale. Because this is an award rather than a sale, it should not be read as a direct trading signal about the director’s view of the stock.