Form 4: TE Connectivity Director Lin Syaru Shirley Reports Share Transactions
SEC Form 4 Filing
Director Lin Syaru Shirley of TE Connectivity plc reports the acquisition of 1,327 shares and the disposal of 556 shares to cover tax obligations.
Summary
- Director Lin Syaru Shirley of TE Connectivity plc reported a transaction involving the company's common shares on November 14, 2024.
- She acquired 1,327 shares as part of a director's compensation program and the company's stock and incentive plan.
- Additionally, 556 shares were disposed of to cover tax obligations at a price of $153.25 per share.
- Following these transactions, Ms. Shirley directly owns 3,720 common shares.
Sentiment
Score: 7
Explanation: The document reflects standard transactions related to director compensation and tax obligations, which is neutral to slightly positive as it shows continued participation in the company's incentive plans.
Positives
- The acquisition of 1,327 shares indicates continued participation in the company's compensation program.
- The share acquisition is part of a director's compensation program and the company's stock and incentive plan.
Negatives
- The disposal of 556 shares was necessary to cover tax obligations, which reduces the total number of shares held.
Industry Context
This filing is a routine disclosure of share transactions by a company director, which is common practice for publicly traded companies.
Comparison to Industry Standards
- The share transactions are typical for directors of publicly listed companies, often involving stock-based compensation and tax-related disposals.
- Similar filings are regularly made by directors and officers of companies like Amphenol, Molex, and Aptiv, which are also in the electronics and connectivity industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine director compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | TE Connectivity plc (Irish TEL) became the successor to TE Connectivity Ltd. (Swiss TEL) following a merger. |
| 11/14/2024 | Date of share acquisition and disposal by Director Lin Syaru Shirley. |
| 11/15/2024 | Date of signature for the Form 4 filing. |
Keywords
TE Connectivity, Director, Share Transactions, Form 4, Beneficial Ownership, Stock Compensation, Tax Obligations
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