Form 4: AMETEK Executive Hardin Reports Stock Disposals for Tax Obligations

John Wesley Hardin, an executive at AMETEK, reported disposing of shares to cover tax obligations arising from stock awards.

Summary

• John Wesley Hardin, President of Electronic Instruments at AMETEK INC, filed a Form 4 with the SEC.
• The form details the disposal of common stock on March 21 and March 22, 2024, to cover tax obligations.
• A total of 331 shares were disposed of on March 21 at a price of $184.91.
• An additional 278 shares were disposed of on March 22 at a price of $183.15.
• Following these transactions, Hardin directly owns 69,402 shares of AMETEK common stock.
• Hardin also has indirect ownership of 519 shares through a 401k plan and 22,858 shares through a 401k Plan Common Stock/ Serp.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock disposals for tax purposes, which is a neutral event.

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 stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.

Key Dates