Form 4: Entegris Director Azita Saleki-Gerhardt Receives Restricted Stock Units
SEC Form 4 Filing
Director Azita Saleki-Gerhardt received 1,643 Restricted Stock Units (RSUs) of Entegris Inc. common stock on April 24, 2024, as compensation for her services as an independent director.
Summary
- Azita Saleki-Gerhardt, a director of Entegris Inc., received 1,643 Restricted Stock Units (RSUs) on April 24, 2024.
- The RSUs were awarded as compensation for her services as an independent director, according to the Entegris, Inc. 2020 Stock Plan.
- These RSUs will vest on the earlier of the first anniversary of the grant date or the date of the company's 2025 Annual Meeting of Stockholders.
- Following the transaction, Saleki-Gerhardt directly owns 22,074 shares of Entegris Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard compensation practice, indicating stable corporate governance. The sentiment is neutral to slightly positive.
Positives
- The grant of RSUs aligns the director's interests with those of the shareholders.
- The vesting schedule encourages continued service by the director.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.
Comparison to Industry Standards
- Granting restricted stock units to board members is a common practice among publicly traded companies, including competitors like Cabot Microelectronics and CMC Materials, to incentivize and retain qualified directors.
- The size of the grant is likely determined by factors such as company size, board compensation policies, and individual director contributions, and would be benchmarked against similar companies.
Stakeholder Impact
- The grant of RSUs aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
- The compensation structure can help retain qualified board members.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of transaction: Azita Saleki-Gerhardt received 1,643 Restricted Stock Units. |
| 2025 Annual Meeting of Stockholders | RSUs vest on the earlier of the first anniversary of the grant date or the date of the company's 2025 Annual Meeting of Stockholders. |
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