Form 4: Entegris Executive William Shaner Reports Stock Acquisitions Through Dividend Reinvestment Plan
SEC Form 4 Filing
Entegris executive William Shaner reported acquiring shares of common stock through a dividend reinvestment plan in two transactions.
Summary
- William Shaner, an executive at Entegris, Inc., reported two transactions involving the acquisition of common stock.
- The first transaction occurred on February 16, 2024, where shares were acquired at a price of $138.02.
- The second transaction took place on May 20, 2024, with shares acquired at a price of $132.54.
- Both acquisitions were made through a broker-administered dividend reinvestment plan.
- These transactions are considered 'small acquisitions' under the Securities Exchange Act of 1934.
- Mr. Shaner was determined to no longer be an officer for purposes of Section 16 effective October 30, 2024.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock acquisitions, which is neither positive nor negative in itself. It reflects standard corporate governance practices.
Positives
- The acquisitions demonstrate continued investment by the executive in the company's stock.
- The use of a dividend reinvestment plan suggests a long-term perspective on the company's value.
Industry Context
This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- The reporting of stock acquisitions through dividend reinvestment plans is a standard practice for executives in publicly traded companies.
- The timing and nature of these transactions are consistent with typical insider trading disclosures.
- Similar filings are regularly made by executives at comparable companies such as Applied Materials and Lam Research.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Officer for Section 16 purposes | William Shaner | N/A | 10/30/2024 | No longer considered an officer for Section 16 purposes |
Stakeholder Impact
- The stock acquisitions may have a minor positive impact on shareholder confidence due to the executive's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 02/16/2024 | Date of the first reported stock acquisition. |
| 05/20/2024 | Date of the second reported stock acquisition. |
| 10/30/2024 | Date William Shaner was determined to no longer be an officer for Section 16 purposes. |
| 12/03/2024 | Date the Form 4 was signed. |
Keywords
Entegris, William Shaner, stock acquisition, dividend reinvestment plan, SEC Form 4, insider trading, executive compensation
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