Form 4: Entegris SVP, Chief Financial Officer Linda LaGorga Reports Stock Transaction

Linda LaGorga, SVP and Chief Financial Officer of Entegris, Inc., reports a transaction involving common stock on May 15, 2024, where shares were withheld to cover tax obligations.

Summary

• On May 15, 2024, Linda LaGorga, the SVP and Chief Financial Officer of Entegris, Inc., had 961 shares of common stock withheld to satisfy tax obligations.
• The shares were withheld at a price of $133.96 per share.
• Following the transaction, LaGorga directly owns 18,691 shares of Entegris common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative. It's a neutral event in the context of the company's overall performance.

Industry Context

This is a routine SEC filing related to executive compensation and tax obligations. It is common for companies to withhold shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and subsequent tax withholding, are standard across publicly traded companies.
• Companies like Applied Materials (AMAT), Lam Research (LRCX), and ASML Holding (ASML) also utilize similar equity compensation strategies for their executives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes rather than a market sale.

Key Dates