Form 4: Entegris SVP and General Counsel Joseph Colella Reports Acquisition of Restricted Stock Units and Stock Options

Joseph Colella, SVP and General Counsel of Entegris, Inc., reports the acquisition of restricted stock units and stock options as part of the company's 2020 Stock Plan.

Summary

• On April 1, 2024, Joseph Colella, SVP and General Counsel of Entegris, Inc., acquired 4,916 shares of common stock in the form of restricted stock units and 8,480 employee stock options.
• The restricted stock units vest in four equal annual installments beginning on April 5, 2025.
• The stock options, with an exercise price of $140.62, also vest in four equal annual installments beginning on April 5, 2025.
• Following these transactions, Colella directly owns 30,691.6 shares of Entegris common stock and 8,480 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of stock options and restricted stock units is a standard practice and indicates confidence in the executive and the company's future performance.

Positives

• The granting of restricted stock units and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedules suggest a continued employment relationship.

Industry Context

Stock option and restricted stock unit grants are common practices in the industry to incentivize and retain key executives.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Entegris.
• The vesting schedules are typical, aligning with industry norms for incentivizing long-term performance and retention.
• Comparable companies such as Cabot Microelectronics (now part of Entegris) and CMC Materials also utilize similar equity-based compensation strategies.

Stakeholder Impact

• The granting of equity to executives can align their interests with those of shareholders, potentially leading to increased shareholder value.
• Employees may view the equity grants as a positive sign of the company's commitment to its leadership.

Key Dates