Form 4: Entegris SVP Clint Haris Sells 5,005 Shares Under 10b5-1 Trading Plan

Clint M. Haris, SVP & President of the MC Division at Entegris, Inc., sold 5,005 shares of common stock on May 31, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 31, 2024, Clint M. Haris, SVP & President of the MC Division at Entegris, Inc., sold 5,005 shares of Entegris common stock.
• The sale was executed at a weighted average price of $124.74 per share.
• The shares were sold under a Rule 10b5-1 trading plan established on February 16, 2024.
• Following the transaction, Haris directly owns 34,600.33 shares of Entegris common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction under a pre-arranged trading plan, with no indication of positive or negative implications for the company.

Positives

• The sale was conducted under a pre-arranged 10b5-1 trading plan, which is generally viewed as a transparent and orderly way to sell shares.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although the use of a 10b5-1 plan mitigates this risk.

Future Outlook

The filing does not contain any forward-looking statements regarding the company's future performance.

Industry Context

Insider transactions are common and closely watched in the semiconductor materials industry. Sales under 10b5-1 plans are generally less impactful than discretionary sales.

Comparison to Industry Standards

• Executive compensation and stock ownership are typical for executives at similar companies such as Cabot Microelectronics (now part of Entegris), CMC Materials, and Applied Materials.
• The use of 10b5-1 trading plans is a standard practice among public company executives to avoid accusations of insider trading.

Stakeholder Impact

• The impact on shareholders is likely minimal, given the pre-planned nature of the sale and the relatively small number of shares involved.

Key Dates