Form 4: Entegris Director David Reeder Acquires Restricted Stock Units

Director David Reeder reports acquisition of restricted stock units in Entegris, Inc.

Summary

• On March 7, 2024, David Reeder, a director of Entegris, Inc., acquired 190 shares of common stock in the form of Restricted Stock Units (RSUs).
• These RSUs were awarded pursuant to the Entegris, Inc. 2020 Stock Plan as compensation for services as an independent director.
• The RSUs vest on the earlier of the grant's anniversary date or the date of the company's 2024 Annual Meeting of Stockholders.
• A Power of Attorney was executed on March 4, 2024, appointing Joseph Colella as attorney-in-fact to handle SEC filings related to Entegris securities.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. The sentiment is neutral to slightly positive.

Positives

• The award of RSUs to independent directors aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service by the director.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the RSU grant suggests a continued relationship between the director and the company.

Industry Context

This is a routine disclosure related to director compensation and is common practice for publicly traded companies. It reflects standard corporate governance practices.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to align their interests with shareholders.
• The vesting schedule tied to the anniversary date or the annual meeting is also a typical arrangement.
• Companies like Applied Materials (AMAT) and Lam Research (LRCX) also utilize equity-based compensation for their board members.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Next Steps

• The RSUs will vest on the earlier of the grant's anniversary date or the date of the Company's 2024 Annual Meeting of Stockholders.

Key Dates