Form 4: AMETEK Executive David F. Hermance Reports Changes in Beneficial Ownership

David F. Hermance, President Electromechanical at AMETEK INC, reports acquisition and disposal of common stock and adjustments in 401k holdings.

Summary

• On February 20, 2025, David F. Hermance, President Electromechanical at AMETEK INC, reported changes in beneficial ownership of AMETEK INC's common stock.
• Hermance acquired 3,290 shares of common stock through the settlement of PRSU's awarded on March 13, 2022, at a price of $0.
• He also disposed of 938 shares to cover tax obligations at a price of $188.78 per share.
• Additionally, there were dividend reinvestments in the 401(k) Plan (3 shares) and the Supplemental Executive Retirement Plan (7 shares).
• Following these transactions, Hermance directly owns 39,083 shares of common stock and indirectly owns 481 shares through the 401(k) Plan and 987 shares through the Supplemental Executive Retirement Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reflects routine transactions related to stock awards and tax obligations. There's no indication of significant concern or overwhelming optimism.

Positives

• The acquisition of 3,290 shares through PRSU settlement indicates a potential positive performance evaluation or achievement of pre-set goals.

Negatives

• The disposal of 938 shares to cover tax obligations could be interpreted as a need for liquidity, although it's a common practice.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related activities.

Key Dates

Keywords

beneficial ownership, AMETEK INC, David F. Hermance, Form 4, stock, PRSU, 401k, dividend reinvestment, tax withholding