Form 4: AMETEK Executive Tony J. Ciampitti Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Tony J. Ciampitti, an officer at AMETEK Inc., reported disposing of common stock to cover tax obligations arising from equity compensation.
Summary
- On March 21, 2024, Tony J. Ciampitti disposed of 314 shares of AMETEK Inc. common stock at a price of $184.91 per share to cover tax obligations.
- On March 22, 2024, Ciampitti disposed of an additional 265 shares at $183.15 per share for the same reason.
- Following these transactions, Ciampitti directly owns 49,490 shares of AMETEK Inc. common stock.
- Ciampitti also indirectly owns 2,742 shares through a 401k plan.
- Additionally, Ciampitti directly owns 8,785 shares through Common Stock/Serp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, which is a routine 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 to understand management's perspective on the company's stock.
Stakeholder Impact
- The stock disposals by an officer could have a minor negative impact on shareholder sentiment, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Disposal of 314 shares of common stock at $184.91 per share. |
| 03/22/2024 | Disposal of 265 shares of common stock at $183.15 per share. |
| 03/25/2024 | Date of signature by attorney-in-fact. |
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