Form 4: Entegris SVP Susan G. Rice Reports Stock and Option Awards

Susan G. Rice, SVP of Global Human Resources at Entegris, Inc., reports the acquisition of restricted stock units and stock options.

Summary

• On April 1, 2024, Susan G. Rice, SVP of Global Human Resources at Entegris, Inc., was granted 5,244 shares of common stock in the form of restricted stock units.
• These restricted stock units vest in four equal annual installments beginning on April 5, 2025.
• On the same date, Rice was also granted an option to purchase 9,048 shares of common stock at an exercise price of $140.62.
• This option also vests in four equal annual installments beginning on April 5, 2025.
• Following these transactions, Rice directly owns 49,426.004 shares of Entegris common stock and options to purchase 9,048 shares.
• The awards were granted pursuant to the Entegris, Inc. 2020 Stock Plan in consideration of services as an employee.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive as it suggests continued investment in human capital.

Positives

• The grant of restricted stock units and stock options aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

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

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. It is typical for companies in the technology and materials science sectors, like Entegris, to use equity-based compensation.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies, particularly in the technology sector.
• Companies like Applied Materials, Lam Research, and ASML also utilize stock options and restricted stock units as part of their executive compensation packages.
• The vesting schedules described are typical, aligning with industry norms for incentivizing long-term performance and retention.

Stakeholder Impact

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

Key Dates