Form 4: Entegris CEO Forfeits RSUs Amid Role Change
Insider Transaction Report
Entegris President & CEO David Reeder forfeited 2,897 unvested restricted stock units as part of his transition to the new executive role.
Summary
- David Reeder, President & CEO of Entegris Inc. (ENTG), reported a change in beneficial ownership of Common Stock.
- On August 21, 2025, Mr. Reeder forfeited 2,897 unvested restricted stock units (RSUs).
- These forfeited RSUs were originally granted on April 23, 2025, in consideration for his services as an independent director.
- The forfeiture is in conjunction with new equity awards granted to Mr. Reeder on August 18, 2025, for his new role as the Company's President and CEO.
- Following this transaction, Mr. Reeder beneficially owns 58,457 shares of Common Stock.
Sentiment
Score: 5
Explanation: The forfeiture of restricted stock units is a procedural event tied to a change in the executive's role and new equity awards, indicating a neutral impact on company sentiment.
Positives
- The forfeiture of restricted stock units is a procedural step related to new equity awards for David Reeder's promotion to President and CEO, indicating continued executive commitment to the company.
Negatives
- David Reeder forfeited 2,897 unvested restricted stock units.
Future Outlook
The forfeiture of unvested restricted stock units is a procedural step related to new equity awards granted to David Reeder in his new capacity as President and CEO, implying future vesting schedules tied to his executive role.
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| President & CEO | David Reeder (as independent director) | David Reeder | August 18, 2025 | Promotion from independent director to President & CEO |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Executive Compensation Structure | Forfeiture of unvested restricted stock units (RSUs) previously granted for independent director services, in conjunction with new equity awards for the role of President and CEO. | August 18, 2025 | Aligns executive incentives with long-term company performance in the new leadership role. |
Stakeholder Impact
- Shareholders: Reflects standard executive compensation adjustments tied to a leadership role change.
Next Steps
- Future vesting of new equity awards granted to David Reeder in his capacity as President and CEO.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Date restricted stock units were granted to Mr. Reeder for his services as an independent director. |
| 08/18/2025 | Date new awards were granted to Mr. Reeder in consideration for his new role as President and CEO. |
| 08/21/2025 | Date of the reported transaction (forfeiture of restricted stock units). |
Keywords
Entegris, ENTG, David Reeder, Form 4, Insider Transaction, Restricted Stock Units, CEO, Corporate Governance
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