Form 4: Entegris Director James Gentilcore Reports Acquisition of Restricted Stock Units

Director James Gentilcore reports acquiring 1,643 Restricted Stock Units (RSUs) of Entegris, Inc. on April 24, 2024.

Summary

• On April 24, 2024, James Gentilcore, a director of Entegris, Inc., acquired 1,643 shares of common stock in the form of Restricted Stock Units (RSUs).
• The RSUs were awarded at a price of $0 per share.
• Following the transaction, Gentilcore directly owns 15,610 shares of Entegris common stock.
• The 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.
• The RSUs were granted pursuant to the Entegris, Inc. 2020 Stock Plan as compensation for services as an independent director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (granting of RSUs to a director), which is generally viewed positively as it aligns the director's interests with those of the shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The RSUs serve as an incentive for the director to contribute to the company's success.

Future Outlook

The vesting of the RSUs is contingent upon continued service as a director until the earlier of April 24, 2025, or the date of the company's 2025 Annual Meeting of Stockholders.

Industry Context

Stock awards to directors are a common practice in publicly traded companies to align their interests with those of shareholders.

Comparison to Industry Standards

• Granting stock options or restricted stock units to board members is a common practice among publicly traded companies, including competitors like Cabot Microelectronics (now part of Entegris) and CMC Materials, to incentivize performance and align interests with shareholders.
• The size of the grant is typical for independent directors, aligning with industry norms for compensating board service.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates