Form 4: AMETEK Executive David F. Hermance Reports Stock Transaction
SEC Form 4 Filing
David F. Hermance, an officer at AMETEK Inc., reported the withholding of shares to cover tax obligations on March 11, 2024.
Summary
- On March 11, 2024, David F. Hermance, President Electromechanical at AMETEK Inc., had shares withheld to cover withholding taxes.
- A total of 94 shares of common stock were disposed of at a price of $180.86 per share.
- Following the transaction, Hermance directly owns 35,850 shares of AMETEK Inc.
- Hermance also has indirect ownership through a 401k Plan with 478 shares and Common Stock/Serp with 980 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine share withholding for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transaction (share withholding for tax obligations). |
| 03/12/2024 | Date of signature by attorney-in-fact. |
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