Form 4: Amphenol Corp President & CEO Richard Adam Norwitt Executes Stock Options and Sells Shares
SEC Form 4 Filing
Richard Adam Norwitt, President & CEO of Amphenol Corp, exercised stock options and sold shares of Class A Common Stock on October 29, 2024.
Summary
- On October 29, 2024, Richard Adam Norwitt, the President & CEO of Amphenol Corporation, executed stock options and sold shares of Class A Common Stock.
- Norwitt exercised options to acquire 900,672 shares at a price of $18.225 per share and sold these shares at a weighted average price of $68.8063.
- He also exercised options to acquire 289,328 shares held by the Norwitt Family Trust at $18.225 and sold them at a weighted average price of $69.9304.
- Following these transactions, Norwitt directly owns 1,934,848 shares of Class A Common Stock and indirectly owns 931,836 shares through the Norwitt Family Trust.
- Additionally, he indirectly owns 3,968 shares through his IRA.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The sentiment is neither positive nor negative as it simply reports transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. The market may interpret the sale as a sign of the executive's view on the company's future prospects, although such sales are often part of personal financial planning.
Stakeholder Impact
- Shareholders may react to the insider selling activity, although it is a common occurrence.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/19/2018 | Date stock options became exercisable |
| 05/19/2027 | Expiration date of stock options |
| 10/29/2024 | Date of transaction: exercise of stock options and sale of shares |
| 10/31/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.