Form 4: TE Connectivity CEO Terrence Curtin Executes Stock Options and Sells Shares
SEC Form 4 Filing
TE Connectivity CEO Terrence Curtin exercised stock options and sold shares on July 29, 2024, resulting in a net decrease in his directly held shares but continued beneficial ownership.
Summary
- On July 29, 2024, Terrence R. Curtin, CEO and Director of TE Connectivity Ltd., engaged in multiple transactions involving the company's common shares.
- Curtin exercised stock options to acquire 189,350 shares at $93.36 and 29,150 shares at $76.66.
- Simultaneously, Curtin sold 11,718 shares at a weighted average price of $156.49, 75,564 shares at $154.97, and 131,218 shares at $155.63.
- Following these transactions, Curtin directly owns 186,187 common shares and indirectly owns 40,000 shares through family trusts.
- He also holds options to purchase 230,000 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. Insider transactions are a normal part of executive compensation and portfolio management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
Key Dates
| Date | Description |
|---|---|
| 11/13/2017 | Grant date for stock options that vest 25% over 4 years. |
| 11/12/2018 | Grant date for stock options that vest 25% over 4 years. |
| 07/29/2024 | Date of stock option exercise and share sales. |
| 07/30/2024 | Date of signature for the Form 4 filing. |
| 11/12/2028 | Expiration date for some stock options. |
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