Form 4: TE Connectivity EVP & CFO Heath Mitts Executes Stock Option and Sells Shares
SEC Filing
Heath Mitts, EVP & CFO of TE Connectivity, exercised stock options and sold shares on May 12, 2025, according to a Form 4 filing with the SEC.
Summary
- On May 12, 2025, Heath A. Mitts, the EVP & Chief Financial Officer of TE Connectivity plc, exercised stock options to acquire 53,306 common shares at a price of $76.66 per share.
- Following the exercise of these options, Mitts sold a total of 53,306 shares in two separate transactions.
- The first sale involved 20,936 shares at a weighted average price of $159.6734, with prices ranging from $159.315 to $160.15 per share.
- The second sale consisted of 32,370 shares at a weighted average price of $158.913, with prices ranging from $158.31 to $159.295 per share.
- After these transactions, Mitts directly owns 45,503.29 common shares of TE Connectivity plc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 11/15/2018 | Date from which options are exercisable in four equal installments on each anniversary. |
| 05/12/2025 | Date of the stock option exercise and share sales. |
| 05/13/2025 | Date of the Form 4 filing. |
| 11/12/2028 | Expiration date of the stock options. |
Keywords
TE Connectivity, Heath Mitts, stock options, Form 4, SEC, insider trading, TEL, share sale, executive compensation
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