Form 4: AMETEK CEO David Zapico Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
AMETEK's CEO, David Zapico, disposed of shares to cover tax obligations arising from stock transactions.
Summary
- David Zapico, CEO of AMETEK Inc., reported the disposal of common stock on March 21 and 22, 2024, to cover tax obligations.
- On March 21, 2024, 2,114 shares were disposed of at a price of $184.91.
- On March 22, 2024, 2,258 shares were disposed of at a price of $183.15.
- Following these transactions, Zapico directly owns 323,744 shares of common stock, along with 15,945 shares in deferred compensation and 59,366 shares in SERP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Disposal of 2,114 shares of common stock at $184.91 per share for tax obligations. |
| 03/22/2024 | Disposal of 2,258 shares of common stock at $183.15 per share for tax obligations. |
| 03/25/2024 | Date of signature by attorney-in-fact for Mr. Zapico. |
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