Form 4: TE Connectivity CEO Terrence Curtin Executes Stock Option and Sells Shares
SEC Form 4
CEO Terrence Curtin exercised stock options and sold shares of TE Connectivity plc on November 11, 2024, according to a Form 4 filing with the SEC.
Summary
- On November 11, 2024, Terrence R. Curtin, CEO and Director of TE Connectivity plc, exercised a stock option to acquire 115,000 common shares at a price of $76.66 per share.
- Curtin then sold 51,190 shares at a weighted average price of $154.3746 and 63,810 shares at a weighted average price of $154.9489.
- Following these transactions, Curtin directly owns 54,969 common shares and indirectly owns 40,000 shares through family trusts.
- He also owns 115,000 derivative securities in the form of stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to monitor.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 11/12/2018 | Grant date of the stock option, which vests 25% over 4 years. |
| 09/30/2024 | TE Connectivity plc (Irish TEL) became the successor to TE Connectivity Ltd. (Swiss TEL) following a merger. |
| 11/06/2024 | Date of Power of Attorney execution. |
| 11/11/2024 | Date of stock option exercise and share sales by Terrence Curtin. |
| 11/12/2024 | Date of Harold G. Barksdale's signature as attorney-in-fact. |
| 11/12/2028 | Expiration date of the stock option. |
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