Form 4: Entegris SVP William James Shaner Reports Acquisition of Stock and Options
SEC Form 4 Filing
William James Shaner, SVP & President, AMH of Entegris, Inc., reported the acquisition of common stock and employee stock options on April 1, 2024.
Summary
- On April 1, 2024, William James Shaner, SVP & President, AMH of Entegris, Inc., acquired 3,604 shares of common stock and 6,220 employee stock options.
- The common stock was acquired at a price of $0, and the employee stock options have an exercise price of $140.62.
- Following the transaction, Shaner directly owns 25,676 shares of common stock and 6,220 derivative securities.
- The restricted stock units vest over a four-year period, starting April 5, 2025.
- The employee stock options also vest in four equal annual installments beginning on April 5, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing related to stock and option grants.
Positives
- The acquisition of stock and options could indicate a positive outlook by the executive regarding the company's future performance.
Future Outlook
The vesting schedules for the restricted stock units and employee stock options indicate a long-term incentive plan for the executive.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of common stock and employee stock options. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
| 04/05/2025 | First vesting date for 25% of the restricted stock units and the employee stock options. |
| 04/05/2026 | Second vesting date for 25% of the restricted stock units and the employee stock options. |
| 04/05/2027 | Third vesting date for 25% of the restricted stock units and the employee stock options. |
| 04/05/2028 | Final vesting date for 25% of the restricted stock units and the employee stock options. |
| 04/01/2031 | Expiration date of the employee stock options. |
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