Form 4: Entegris VP, Controller & CAO Michael Sauer Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Michael Sauer, VP, Controller & CAO of Entegris, Inc., reported the acquisition of 2,608 restricted stock units on April 1, 2025.
Summary
- On April 1, 2025, Michael Sauer, VP, Controller & CAO of Entegris, Inc., acquired 2,608 shares of common stock in the form of restricted stock units.
- These restricted stock units were awarded pursuant to the Entegris, Inc. 2020 Stock Plan as compensation for services as an employee.
- The restrictions on these shares lapse over a four-year period, with 25% vesting each year beginning on April 5, 2026, and continuing on April 5, 2027, April 5, 2028, and April 5, 2029.
- Following the transaction, Michael Sauer beneficially owns 5,780.707 shares of Entegris common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating a stable and ongoing operation. The sentiment is neutral to slightly positive as it suggests continued alignment of management with shareholder interests.
Positives
- The acquisition of restricted stock units aligns Michael Sauer's interests with those of the company and its shareholders.
- The vesting schedule encourages long-term commitment and performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Entegris.
Comparison to Industry Standards
- Equity compensation is a common practice in the semiconductor and materials industry to incentivize executives.
- Companies like Applied Materials, Lam Research, and ASML also utilize stock plans to align management's interests with shareholder value.
- The vesting schedule of four years with annual tranches is a standard approach to ensure long-term commitment.
Stakeholder Impact
- Shareholders may view this as a positive sign, indicating that management's interests are aligned with theirs.
- Employees may see this as a reflection of the company's commitment to its leadership team.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Michael Sauer acquired restricted stock units. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
| 04/05/2026 | First vesting date for 25% of the restricted stock units. |
| 04/05/2027 | Second vesting date for 25% of the restricted stock units. |
| 04/05/2028 | Third vesting date for 25% of the restricted stock units. |
| 04/05/2029 | Final vesting date for 25% of the restricted stock units. |
Keywords
Entegris, Michael Sauer, Restricted Stock Units, Stock Plan, Beneficial Ownership, Form 4, ENTG
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