Form 4: Entegris SVP, Chief Commercial Officer Michael Besnard Reports Acquisition of Restricted Stock Units and Stock Options

Michael Besnard, SVP, Chief Commercial Officer of Entegris, Inc., reports the acquisition of restricted stock units and stock options, as well as adjustments to his holdings.

Summary

• On April 1, 2025, Michael Besnard, SVP, Chief Commercial Officer of Entegris, Inc., acquired 4,640 shares of common stock in the form of restricted stock units and 8,308 employee stock options.
• The restricted stock units vest in four equal annual installments beginning on April 5, 2026.
• The stock options, with an exercise price of $86.2, also vest in four equal annual installments beginning on April 5, 2026.
• Following these transactions, Besnard directly owns 18,156.25 shares of Entegris common stock and 8,308 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The vesting schedule is a positive sign of long-term commitment, but the document itself doesn't convey strong positive or negative sentiment.

Positives

• The acquisition of restricted stock units and stock options suggests confidence in the company's future performance from a high-ranking officer.
• The vesting schedules for both the restricted stock units and stock options align the officer's interests with the long-term success of the company.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedules suggest a multi-year commitment from the executive.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for aligning executive incentives with shareholder value.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are common compensation tools for executives in the semiconductor and materials industry, used by companies like Applied Materials (AMAT), Lam Research (LRCX), and ASML Holding (ASML).
• Vesting schedules of four years with annual installments are typical for these types of equity grants, aligning with industry norms for retention and performance incentives.
• The specific number of shares and option values would need to be compared against peer companies to determine if the grant is above or below industry averages for executives at a similar level.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they align executive interests with company performance.
• Employees may view the stock option grants as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Entegris, Michael Besnard, Stock Options, Restricted Stock Units, Form 4, Beneficial Ownership, ENTG