Form 4: Entegris SVP, Chief Financial Officer Linda LaGorga Reports Stock and Option Awards

Linda LaGorga, SVP and CFO of Entegris, Inc., reports the acquisition of restricted stock units and stock options as part of her employee compensation.

Summary

• On April 1, 2024, Linda LaGorga, SVP and Chief Financial Officer of Entegris, Inc., was granted 6,556 shares of common stock in the form of restricted stock units and an option to purchase 11,308 shares of common stock.
• The restricted stock units vest in four equal annual installments beginning on April 5, 2025, and continuing on April 5 of the following three years.
• The stock options also vest in four equal annual installments beginning on April 5, 2025, and continuing on April 5 of the following three years, and expire on April 1, 2031.
• These awards were granted under the Entegris, Inc. 2020 Stock Plan as consideration for services as an employee.
• Following these transactions, LaGorga directly owns 19,652 shares of Entegris common stock and has options to purchase 11,308 shares.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating stability and alignment of interests. It's a neutral-positive signal.

Positives

• The granting of restricted stock units and stock options aligns LaGorga's interests with those of Entegris shareholders.
• The vesting schedules of the awards incentivize continued service and contribution to the company's success.

Industry Context

This filing is a routine disclosure of executive compensation in the form of stock and options, which is a common practice in publicly traded companies to incentivize and retain key personnel.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard compensation practices for executives in publicly traded companies like Entegris.
• Companies such as Applied Materials, Lam Research, and ASML also utilize similar equity-based compensation plans to align executive interests with shareholder value.
• The vesting schedules described are typical, with annual vesting over a 4 year period.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with the company's long-term performance.
• Employees may see the grants as a reflection of the company's commitment to its leadership team.

Key Dates