Form 4: Entegris Director Mary Puma Acquires 1,207 Shares of Common Stock

Director Mary Puma acquired 1,207 shares of Entegris common stock as Restricted Stock Units on September 5, 2024.

Summary

• On September 5, 2024, Mary Puma, a director of Entegris Inc., acquired 1,207 shares of common stock.
• The acquisition was in the form of Restricted Stock Units (RSUs) awarded under the Entegris, Inc. 2020 Stock Plan.
• The RSUs were granted in consideration for her services as an independent director.
• The RSUs vest in full on the earlier of the grant's anniversary date or the date of the company's 2025 Annual Meeting of Stockholders.
• The price per share was $0 at the time of the award.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant to a director), suggesting a neutral to slightly positive sentiment as it indicates continued alignment of interests.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The use of RSUs aligns the director's interests with those of the shareholders.

Future Outlook

The vesting of the RSUs is tied to the director's continued service and the company's annual meeting, suggesting a long-term commitment.

Industry Context

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

Comparison to Industry Standards

• Granting stock options and restricted stock units to board members is a common practice among publicly traded companies, particularly in the technology and manufacturing sectors.
• Companies like Texas Instruments and Applied Materials also utilize similar equity-based compensation plans for their directors.
• The size of the grant (1,207 shares) would need to be compared to the overall compensation package and the company's market capitalization to determine if it is in line with industry standards.

Stakeholder Impact

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

Key Dates