Form 4: TE Connectivity CFO's Stock Award Vesting

TE Connectivity's EVP & CFO, Heath A. Mitts, reported the vesting of performance-based stock units and subsequent share disposition for tax purposes.

Summary

• Heath A. Mitts, Executive Vice President and Chief Financial Officer of TE Connectivity plc, reported transactions involving the company's common shares.
• On December 16, 2025, 21,801 common shares were acquired at a price of $0.0000 per share.
• This acquisition resulted from the vesting and automatic settlement of a performance-based stock unit (PSU) award and associated dividend equivalent units, following the certification of performance results for a three-year performance cycle.
• Concurrently, 9,263.25 common shares were disposed of at a price of $228.98 per share, which is a common practice for tax withholding related to the PSU vesting.
• Following these reported transactions, Mitts beneficially owns 39,392.04 common shares directly.

Sentiment

Score: 7

Explanation: The vesting of performance-based stock units is a positive indicator of achieved company performance targets. The subsequent disposition of shares for tax purposes is a routine event associated with executive compensation and does not reflect a negative sentiment towards the company.

Positives

• The vesting of performance-based stock units indicates that the company achieved its pre-defined performance targets over a three-year cycle, reflecting positively on management's execution.
• The acquisition of 21,801 common shares by a key executive demonstrates alignment of management's interests with shareholders through equity ownership.

Negatives

• The disposition of 9,263.25 common shares, even for tax purposes, reduces the direct beneficial ownership of the executive.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

NA

Stakeholder Impact

• Shareholders: The vesting of performance-based stock units suggests that the company has met its performance objectives, which is generally positive for shareholder value. The executive's continued equity ownership aligns their interests with shareholders.

Key Dates

Recommendation

This Form 4 reports a routine executive compensation event involving the vesting of performance-based stock units and a subsequent disposition for tax purposes. While the vesting indicates the achievement of performance targets, it does not provide new fundamental information to warrant a change in investment recommendation based solely on this filing. Investors should consider broader company financials and market conditions.

Keywords

TE Connectivity, TEL, Form 4, Insider Transaction, Executive Compensation, Performance Stock Units, PSU Vesting, Heath Mitts, CFO