Form 4: Entegris Inc. Executive Michael Sauer Reports Acquisition of Restricted Stock Units

Michael Sauer, VP, Controller & CAO of Entegris Inc., reports the acquisition of 1,636 restricted stock units on April 1, 2024.

Summary

• On April 1, 2024, Michael Sauer, VP, Controller & CAO of Entegris Inc., acquired 1,636 shares of common stock in the form of restricted stock units.
• These restricted stock units were awarded pursuant to the Entegris, Inc. 2020 Stock Plan as compensation for services as an employee.
• The restrictions on these shares lapse over a four-year period, with 25% vesting each year beginning on April 5, 2025, and continuing on April 5, 2026, April 5, 2027, and April 5, 2028.
• Following the transaction, Sauer directly owns 3,414.707 shares of Entegris Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices. The vesting schedule is a positive sign of long-term commitment.

Positives

• The granting of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the executive.

Industry Context

Executive compensation through stock grants is a common practice in the technology and manufacturing industries to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Companies like Applied Materials and Lam Research also use restricted stock units as part of their executive compensation packages.
• The vesting schedule of four years with annual installments is a fairly standard practice in the industry.

Stakeholder Impact

• The granting of restricted stock units aligns the executive's interests with those of the shareholders, potentially leading to better company performance.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates