Form 4: AMETEK Executive Tony J. Ciampitti Reports Changes in Beneficial Ownership

Tony J. Ciampitti, an executive at AMETEK Inc., filed a Form 4 disclosing transactions involving company stock, including the settlement of performance-based restricted stock units (PRSUs) and dividend reinvestments.

Summary

• On February 20, 2025, Tony J. Ciampitti, President of Electronic Instruments at AMETEK Inc., reported changes in his beneficial ownership of AMETEK common stock.
• These changes include the acquisition of 3,499 shares through the settlement of PRSUs awarded on March 13, 2022, at a price of $0 per share.
• Ciampitti also disposed of 886 shares to cover tax obligations at a price of $188.78 per share.
• Additionally, he acquired 56 shares through dividend reinvestments in the Supplemental Executive Retirement Plan and 18 shares through dividend reinvestments in the AMETEK Retirement and Savings Plan (401(k) Plan).
• Following these transactions, Ciampitti directly owns 52,103 shares of common stock and indirectly owns 8,841 shares through the Supplemental Executive Retirement Plan and 2,760 shares through the 401(k) Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There's no indication of unusual or concerning activity.

Positives

• The acquisition of shares through PRSU settlement indicates that performance targets were met, which is a positive signal.

Negatives

• The disposal of shares to cover tax obligations, while common, reduces the executive's direct holdings in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units (RSUs) to align management's interests with those of shareholders, similar to practices at companies like Danaher (DHR) and Keysight Technologies (KEYS).
• Dividend reinvestment plans are also common, allowing employees to increase their holdings over time, a practice seen at many large industrial companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

AMETEK, Ciampitti, beneficial ownership, Form 4, PRSU, dividend reinvestment, executive compensation, stock, securities