Form 4: Entegris SVP Clint Haris Reports Acquisition of Stock and Options
SEC Form 4 Filing
Clint M. Haris, SVP & President of APS Division at Entegris, Inc., reports the acquisition of common stock and employee stock options.
Summary
- On April 1, 2025, Clint M. Haris, SVP & President, APS Division of Entegris, Inc., acquired 6,728 shares of common stock and 12,048 employee stock options.
- The common stock was acquired at a price of $0, and the employee stock options have an exercise price of $86.2.
- Following the reported transaction, Haris beneficially owns 41,588.55 shares of common stock and 12,048 employee stock options.
- The restricted stock units vest over a four-year period, beginning April 5, 2026.
- The employee stock options also vest in four equal annual installments beginning on April 5, 2026.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns management interests with shareholders. The acquisition of shares and options suggests confidence in the company's future.
Positives
- The acquisition of stock and options suggests confidence in Entegris's future performance from a high-ranking executive.
Future Outlook
The vesting schedules for the restricted stock units and employee stock options indicate a long-term incentive plan for the executive, aligning their interests with the company's performance over the next four years.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency to investors regarding the alignment of management's interests with shareholder value.
Comparison to Industry Standards
- Stock option and restricted stock unit grants are standard components of executive compensation packages in the technology and manufacturing industries, similar to companies like Applied Materials (AMAT) and Lam Research (LRCX).
- Vesting schedules over a four-year period are also typical to incentivize long-term performance and retention.
Stakeholder Impact
- The transaction signals to shareholders that a key executive is invested in the company's long-term success.
- Employees may view the executive's stock ownership as a positive sign of leadership commitment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Acquisition of common stock and employee stock options. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
| 04/05/2026 | First vesting date for 25% of the restricted stock units and the first vesting date for the employee stock options. |
| 04/05/2027 | Second vesting date for 25% of the restricted stock units and the second vesting date for the employee stock options. |
| 04/05/2028 | Third vesting date for 25% of the restricted stock units and the third vesting date for the employee stock options. |
| 04/05/2029 | Final vesting date for 25% of the restricted stock units and the final vesting date for the employee stock options. |
| 04/01/2032 | Expiration date of the employee stock options. |
Keywords
Entegris, ENTG, Form 4, Insider Trading, Stock Options, Common Stock, Beneficial Ownership, Haris, Clint Haris, APS Division
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