Form 4: AMETEK Executive VP Dalip Puri Reports Stock Transactions
SEC Form 4 Filing
Executive VP and CFO of AMETEK, Dalip Puri, reports acquisition of restricted stock and stock options, as well as disposition of shares to cover taxes.
Summary
- On March 18, 2025, Dalip Puri, Executive VP and CFO of AMETEK, acquired 3,650 shares of common stock at $176.08 per share.
- These shares were issued as restricted stock under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan.
- On the same day, Mr. Puri acquired 11,190 stock options with an exercise price of $176.08, exercisable in three equal annual installments beginning March 18, 2026, and expiring on March 18, 2035.
- On March 19, 2025, Mr. Puri disposed of 237 shares of common stock at $177.07 per share to cover tax obligations.
- Following these transactions, Mr. Puri beneficially owns 8,273 shares of AMETEK common stock and 11,190 stock options.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing primarily reflects routine compensation and tax-related transactions. The acquisition of stock and options is mildly positive, suggesting confidence, but the tax-related sale offsets this.
Positives
- The acquisition of restricted stock and stock options suggests confidence in AMETEK's future performance.
Negatives
- The disposition of shares to cover taxes is a routine transaction and doesn't necessarily indicate a negative outlook.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Acquisition of 3,650 shares of common stock and 11,190 stock options. |
| 03/19/2025 | Disposition of 237 shares of common stock for tax obligations. |
| 03/20/2025 | Date of signature on the Form 4 filing. |
| 03/18/2026 | First vesting date for the stock options. |
| 03/18/2035 | Expiration date for the stock options. |
Keywords
AMETEK, Dalip Puri, stock options, restricted stock, Form 4, insider trading, executive compensation
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