Richelle E. Burr - Dec 13, 2023 Form 4 Insider Report for PHOTRONICS INC (PLAB)

Role: EVP, CAO & General Counsel
Signature: /s/ Richelle E. Burr
Stock symbol: PLAB
Transactions as of: Dec 13, 2023
Transactions value $: $242,748
Form type: 4
Date filed: 12/14/2023, 07:14 PM
Previous filing: May 22, 2023
Next filing: Jan 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLAB	Common Stock	Options Exercise	$222K	+25K	+12.24%	$8.86	229K	Dec 13, 2023	Direct
transaction	PLAB	Common Stock	Award	$21.2K	+1.86K	+0.81%	$11.40	231K	Mar 15, 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLAB	Stock Options (Right to Buy)	Options Exercise	$0	-20K	-100%	$0.00^*	0	Dec 13, 2023	Common Stock	20K	$8.86	Direct
transaction	PLAB	Non-qualified Stock Options	Options Exercise	$0	-5.05K	-100%	$0.00^*	0	Dec 13, 2023	Common Stock	5.05K	$8.86	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Photronics, Inc. common stock purchased under the Company's Employee Stock Purchase Plan.
F2	The purchase price of the shares pursuant to the Employee Stock Purchase Plan is 85% of the fair market value (the "Closing Price") of the common stock of the Company on the purchase date of the applicable purchase period as defined in the offering plan documents. Closing Price on purchase date is $13.41 less 15% for a purchase price of $11.399.