Form 4: AMETEK CEO David Zapico Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
David Zapico, CEO of AMETEK Inc., reports the withholding of 2,158 common stock shares to cover tax obligations on March 11, 2024.
Summary
- On March 11, 2024, David A. Zapico, the CEO of AMETEK Inc., had 2,158 shares of common stock withheld to cover withholding taxes.
- The shares were withheld at a price of $180.86 per share.
- Following the transaction, Zapico directly owns 317,356 shares of common stock, 15,945 shares via deferred compensation, and 59,366 shares via SERP.
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it reports a standard transaction related to tax obligations. It doesn't indicate any positive or negative developments for the company.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It's common for company executives to have shares withheld to cover taxes related to stock awards or option exercises.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine administrative matter.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of share withholding transaction. |
| 03/12/2024 | Date of signature by attorney-in-fact. |
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