Form 4: Entegris Inc. Executive Acquires Shares and Stock Options
SEC Form 4
Clint M. Haris, SVP & President of MC Division at Entegris Inc., reports acquisition of restricted stock units and employee stock options.
Summary
- Clint M. Haris, SVP & President, MC Division of Entegris Inc. filed a Form 4.
- On April 1, 2024, Haris acquired 3,932 shares of common stock in the form of restricted stock units and 6,784 employee stock options.
- The restricted stock units vest in four equal annual installments beginning on April 5, 2025.
- The employee stock options have an exercise price of $140.62 and also vest in four equal annual installments beginning on April 5, 2025.
- Following the transaction, Haris directly owns 39,605.33 shares of common stock and 6,784 employee stock options.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and insider confidence, but doesn't contain any groundbreaking news.
Positives
- The acquisition of shares and stock options suggests confidence in the company's future performance from a high-ranking executive.
Future Outlook
The vesting schedules for the restricted stock units and employee stock options indicate a long-term commitment by the executive to the company's success.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for executives at Entegris.
Comparison to Industry Standards
- Equity compensation in the form of restricted stock units and stock options is a common practice among publicly traded companies, particularly in the technology and manufacturing sectors, to align executive interests with shareholder value.
- Companies like Applied Materials, Lam Research, and ASML also utilize similar equity-based compensation plans for their executives.
- The vesting schedules and terms of these grants are generally comparable to industry standards, designed to incentivize long-term performance and retention.
Stakeholder Impact
- The acquisition of shares and stock options by a key executive can be viewed positively by shareholders, as it aligns the executive's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of restricted stock units and employee stock options. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
| 04/05/2025 | First vesting date for both restricted stock units and employee stock options. |
| 04/05/2026 | Second vesting date for both restricted stock units and employee stock options. |
| 04/05/2027 | Third vesting date for both restricted stock units and employee stock options. |
| 04/05/2028 | Final vesting date for both restricted stock units and employee stock options. |
| 04/01/2031 | Expiration date for the employee stock options. |
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