Manko Steve 4
Research Summary
AI-generated summary
SkyWater (SKYT) CFO Steve Manko Receives RSU Award
What Happened
- Steve Manko, SkyWater Technology's Chief Financial Officer, received a grant of 29,432 restricted stock units (RSUs) on March 15, 2026. The award is reported at $0 at grant (typical for RSU awards, which have value tied to future stock price and vesting).
- The RSUs will convert to shares only as they vest; this is an award (not a market purchase or sale) and does not represent an immediate change in open-market holdings.
Key Details
- Transaction date: 2026-03-15; Filing date: 2026-03-17 (filed two days after the transaction; no late-filing indicator given in the summary).
- Award: 29,432 RSUs; reported acquisition price: $0.00 (code A — grant/award).
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: The RSUs vest ratably on each of the first, second and third anniversaries of the grant date, contingent on continued service (see footnote F1).
- No indication of 10b5-1 plan, tax withholding sale, cashless exercise, or gift in the provided data.
Context
- RSUs are time-based equity awards that typically convert to common shares upon vesting and are taxable when they vest; they are a form of compensation rather than an immediate purchase or sale and don’t directly signal insider buying or selling sentiment.
- For retail investors, such grants reflect corporate compensation decisions and potential future dilution as units vest and convert to shares.