Form 4: TE Connectivity Director's Share Grant and Tax Withholding

TE Connectivity plc Director Kenneth E. Washington reported the acquisition of 833 common shares as part of a compensation program, alongside a disposition of 400 shares for tax withholding.

Summary

• Kenneth E. Washington, a Director of TE Connectivity plc, reported changes in his beneficial ownership of common shares.
• On November 17, 2025, Mr. Washington acquired 833 common shares through a grant by the Issuer under its directors' compensation program and stock and incentive plan, with a transaction price of $0.0000 per share.
• Concurrently, on November 17, 2025, Mr. Washington disposed of 400 common shares at a price of $234.21 per share, likely for tax withholding purposes related to the share grant.
• Following these transactions, Mr. Washington directly beneficially owns 433 common shares.
• A Power of Attorney, dated October 20, 2025, authorizes specific individuals to prepare and file Section 16 reports on behalf of Mr. Washington.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving a share grant and tax-related disposition, which is neutral in terms of overall company sentiment. It reflects standard compensation practices without indicating significant positive or negative operational or financial developments.

Positives

• Director Kenneth E. Washington received a grant of 833 common shares as part of TE Connectivity plc's directors' compensation program, indicating ongoing compensation for his service.

Negatives

• A disposition of 400 common shares occurred at a price of $234.21, likely to cover tax obligations arising from the share grant, resulting in a net reduction of shares held from the initial grant amount.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction; it solely reports an insider's beneficial ownership changes.

Industry Context

The grant of equity to directors as part of their compensation is a standard practice across publicly traded companies, aligning director interests with shareholder value. The subsequent disposition of shares for tax withholding is also a common occurrence following such grants.

Comparison to Industry Standards

• The structure of director compensation, including equity grants, is consistent with common practices observed in large industrial technology companies like TE Connectivity plc.
• The use of a stock and incentive plan for director compensation is a widely adopted mechanism, similar to those at peer companies such as Amphenol Corporation (APH) or Eaton Corporation plc (ETN), which also utilize equity-based incentives for their leadership.
• The disposition of shares to cover tax liabilities upon the vesting or grant of equity is a standard procedure, mirroring practices seen in executive and director compensation programs across the S&P 500.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of shares to a director aligns the director's interests with those of shareholders, promoting long-term value creation. The tax-related disposition is a minor, routine event with no material impact on the broader shareholder base.
• Management/Directors: The compensation structure reinforces the company's commitment to attracting and retaining qualified board members through equity incentives.

Key Dates

Keywords

TE Connectivity, TEL, Form 4, Insider Transaction, Share Grant, Director Compensation, Stock Incentive Plan, Beneficial Ownership