Form 4: AMETEK Executive Tony J. Ciampitti Executes Stock Option and Sells Shares

Tony J. Ciampitti, a President at AMETEK Inc., exercised stock options and sold shares on November 22, 2024.

Summary

• Tony J. Ciampitti, President of Electronic Instruments at AMETEK Inc., exercised stock options to acquire 16,210 shares of common stock at a price of $73.45 per share on November 22, 2024.
• On the same day, Mr. Ciampitti sold 16,210 shares of common stock at a weighted average price of $197.0098 per share, with individual sales ranging from $196.76 to $197.40.
• Following these transactions, Mr. Ciampitti directly owns 49,490 shares of common stock, and indirectly owns 2,742 shares through a 401k plan.
• He also has 8,785 shares held in a Serp account.
• The stock options exercised were part of a grant that vested in three equal installments on May 8, 2019, 2020, and 2021.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine transaction. There is no positive or negative sentiment associated with the information.

Industry Context

This is a routine filing related to executive stock option exercises and sales, which is common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive stock option exercises and sales are a standard part of compensation packages in publicly traded companies like AMETEK.
• The timing and pricing of these transactions are often governed by pre-arranged plans to avoid accusations of insider trading.
• Companies like Danaher, Keysight Technologies, and Fortive also have similar executive compensation structures involving stock options and sales.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The sale provides liquidity to the executive.

Key Dates

Keywords

AMETEK, stock options, insider trading, Form 4, executive compensation, share sale, equity, Tony J. Ciampitti