Form 4: TE Connectivity EVP Sells Shares After Exercising Stock Options
SEC Form 4 Filing
Heath A. Mitts, EVP & Chief Financial Officer of TE Connectivity plc, executed transactions involving common shares, including exercising stock options and selling shares on May 9, 2025.
Summary
- On May 9, 2025, Heath A. Mitts, the EVP & Chief Financial Officer of TE Connectivity plc, exercised stock options to acquire 37,844 common shares at a price of $76.66 per share.
- Simultaneously, Mitts sold 37,844 common shares at a weighted average price of $153.3288, with prices ranging from $153.00 to $153.65.
- Following these transactions, Mitts directly owns 45,503.29 common shares.
- Mitts also directly owns 53,306 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 11/15/2018 | Date from which stock options are exercisable in four equal installments on each of the first, second, third and fourth anniversary. |
| 05/09/2025 | Date of the reported transactions: exercising stock options and selling shares. |
| 05/12/2025 | Date of signature on the Form 4 filing. |
| 11/12/2028 | Expiration date of the stock options. |
Keywords
TE Connectivity, Stock Options, Form 4, Share Sale, Insider Trading, TEL, Mitts, Executive Compensation
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