Form 4: Entegris SVP Michael Besnard Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Besnard, SVP and Chief Commercial Officer of Entegris, Inc., reports acquisition and disposal of common stock related to performance share unit settlement and tax obligations.
Summary
- On February 19, 2025, Michael Besnard acquired 615 shares of Entegris common stock at $0 per share related to the settlement of performance share units for the 2022-2024 performance cycle.
- These shares were awarded pursuant to the Entegris, Inc. 2020 Stock Plan as consideration for services as an employee.
- On February 20, 2025, 221 shares were disposed of at $107.99 per share to satisfy tax withholding obligations upon settlement of the performance share units.
- Following these transactions, Besnard beneficially owns 13,797.21 shares of Entegris common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Acquisition of 615 shares of common stock due to performance share unit settlement. |
| 02/20/2025 | Disposal of 221 shares of common stock to satisfy tax withholding obligations. |
| 02/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Entegris, ENTG, Beneficial Ownership, Form 4, Michael Besnard, Stock, Performance Share Units, Tax Withholding
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