Form 4: CommScope Executive Koen ter Linde Reports Acquisition of 9,619 Shares
SEC Form 4 Filing
Koen ter Linde, SVP & President, CCS of CommScope Holding Company, Inc., reports acquiring 9,619 shares of common stock on February 24, 2025, through the vesting of performance share units.
Summary
- On February 24, 2025, Koen ter Linde, SVP & President, CCS of CommScope Holding Company, Inc., acquired 9,619 shares of common stock.
- The acquisition was a result of the vesting of performance share units.
- These performance share units were initially granted on March 1, 2022, with the number of units subject to adjustment based on the company's performance against certain criteria.
- The performance criteria were partially met, resulting in the vesting of 9,619 units on June 1, 2025, contingent upon continued employment.
- Following the transaction, ter Linde directly owns 485,919 shares of CommScope Holding Company, Inc.
- This total includes previously reported restricted stock units granted on various dates (March 1, 2022, June 1, 2023, March 1, 2024, and June 1, 2024) that vest on future dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock ownership. It doesn't convey strong positive or negative sentiment.
Positives
- The vesting of performance share units indicates that the company has met some of its performance goals.
Future Outlook
The vesting of restricted stock units is contingent upon the reporting person's continued employment with the issuer.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Reporting person was granted 13,800 performance share units. |
| 2023-06-01 | Restricted stock units were granted. |
| 2024-03-01 | Restricted stock units were granted. |
| 2024-06-01 | Restricted stock units were granted. |
| 2025-02-24 | Date of transaction: Acquisition of 9,619 shares. |
| 2025-02-26 | Date of signature on the Form 4 filing. |
| 2025-06-01 | Performance share units and restricted stock units will vest. |
| 2026-06-01 | Restricted stock units will vest. |
| 2027-06-01 | Restricted stock units will vest. |
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