Form 4: Ametek Executive David F. Hermance Reports Stock Transactions
SEC Form 4 Filing
David F. Hermance, President-Electromechanical at Ametek, reports the withholding of shares to cover tax obligations.
Summary
- On March 21, 2024, David F. Hermance had 213 shares withheld to pay taxes at a price of $184.91, resulting in a holding of 36,917 shares.
- On March 22, 2024, 186 shares were withheld to pay taxes at a price of $183.15, resulting in a holding of 36,731 shares.
- Hermance also holds shares in a 401k plan and through a SERP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax-related stock transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions 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 minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's overall confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | 213 shares withheld for taxes at $184.91 per share. |
| 03/22/2024 | 186 shares withheld for taxes at $183.15 per share. |
| 03/25/2024 | Date of signature by attorney-in-fact. |
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