Form 4: Amphenol Corp President & CEO, Richard Adam Norwitt, Reports Beneficial Ownership Changes
SEC Form 4
Richard Adam Norwitt, President & CEO of Amphenol Corp, reports changes in beneficial ownership, including stock options and Class A Common Stock.
Summary
- Richard Adam Norwitt, the President & CEO of Amphenol Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates direct ownership of 2,002,507 shares of Class A Common Stock.
- Norwitt also has indirect ownership of 864,177 shares of Class A Common Stock through the Norwitt Family Trust.
- He directly owns 3,968 shares through his IRA.
- Norwitt was granted stock options for 602,344 shares of Class A Common Stock at an exercise price of $86.88 on May 16, 2025.
- These options vest at a rate of 20% per year over five years, starting May 16, 2026, and expire on May 16, 2035.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The stock options are a positive incentive for the CEO.
Positives
- The granting of stock options to the CEO aligns his interests with those of the shareholders, incentivizing him to improve company performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the holdings and transactions of company insiders. This filing is typical for executives receiving stock options as part of their compensation.
Comparison to Industry Standards
- Stock option grants are a common form of executive compensation in publicly traded companies, particularly in the technology and manufacturing sectors, to align management's interests with shareholder value.
- The vesting schedule of 20% per year over five years is a standard vesting schedule.
- Comparing the size of the grant to similar companies would require further analysis of Amphenol's compensation policies and peer group data.
Stakeholder Impact
- The granting of stock options can be viewed positively by shareholders as it aligns management's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of the earliest transaction and grant date of stock options. |
| 05/16/2026 | First vesting date for the stock options (20% of the options become exercisable). |
| 05/16/2035 | Expiration date of the stock options. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, stock options, Class A Common Stock, Amphenol Corp, Richard Adam Norwitt, securities
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.