Form 4: Entegris Executive Olivier Blachier Reports Stock Transactions

Entegris' SVP, Chief Strategy Officer, Olivier Blachier, reported the sale and tax withholding of company stock.

Summary

• Olivier Blachier, SVP, Chief Strategy Officer at Entegris, Inc., filed a Form 4 detailing recent transactions involving the company's common stock.
• On November 15, 2024, 417 shares were withheld to cover tax obligations related to the settlement of restricted stock units at a price of $97.67 per share.
• On November 18, 2024, 502 shares were sold at a price of $97.32 per share.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan established on February 16, 2024.
• Following these transactions, Mr. Blachier beneficially owns 11,514.61 shares of Entegris common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing for insider transactions and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of Rule 10b5-1 trading plans is a standard practice among executives at publicly traded companies like Entegris to manage their stock transactions.
• Similar filings are regularly seen from executives at comparable companies such as Applied Materials, Lam Research, and ASML, reflecting routine stock transactions and tax obligations.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and pre-planned.

Key Dates

Keywords

Entegris, stock transaction, Form 4, insider trading, Rule 10b5-1, executive, stock sale, tax withholding