Form 4: TE Connectivity Executive Acquires Additional Restricted Stock Units as Dividend Equivalents

Reuben M. Shaffer, SVP and Corporate Controller of TE Connectivity plc, has acquired 16 restricted stock units as dividend equivalents, increasing his direct beneficial ownership to 3,950 units.

Summary

• Reuben M. Shaffer, the Senior Vice President and Corporate Controller of TE Connectivity plc (TEL), acquired 16 restricted stock units (RSUs) on June 10, 2025.
• These RSUs were issued as dividend equivalents, meaning they were granted in connection with dividend payments made to the company's shareholders.
• The conversion rate for these restricted stock units to common shares is 1-for-1, with an exercise price of $0.0000.
• Following this acquisition, Mr. Shaffer's direct beneficial ownership of derivative securities (restricted stock units) totals 3,950 units.
• The acquired RSUs are subject to vesting conditions based on the underlying award and may accelerate upon certain events, converting to common shares upon vesting.

Sentiment

Score: 7

Explanation: This Form 4 reports a routine acquisition of restricted stock units as dividend equivalents by an executive, which is a standard part of compensation and aligns executive interests with shareholders. It is a neutral to slightly positive event, indicating ongoing compensation practices.

Positives

• The acquisition of restricted stock units as dividend equivalents aligns the executive's financial interests with those of the company's shareholders, as the value of these units is directly tied to the company's stock performance and dividend policy.
• This transaction reflects the ongoing operation of TE Connectivity's executive compensation program, which incorporates equity-based incentives to retain and motivate key personnel.

Risks

• The ultimate value of the acquired restricted stock units is contingent upon the future market performance of TE Connectivity plc's common shares.
• The RSUs are subject to specific vesting conditions, implying that they may not fully convert into common shares if these conditions are not met or if the executive's employment status changes prior to vesting.

Future Outlook

The acquired restricted stock units are expected to vest and convert into common shares in the future, further aligning the executive's long-term financial interests with the company's performance and shareholder value creation.

Industry Context

This filing details a routine executive compensation transaction specific to TE Connectivity plc. It does not provide insights into broader industry trends, competitive landscapes, or general market conditions, but rather reflects standard practices for aligning executive incentives within a publicly traded company.

Stakeholder Impact

• Shareholders: The acquisition of equity-based compensation by a key executive generally enhances the alignment of management's interests with those of shareholders, potentially fostering a focus on long-term value creation and dividend policy.

Next Steps

• The acquired restricted stock units will vest according to the terms and schedule of the underlying award.
• Upon successful vesting, the restricted stock units will convert into common shares of TE Connectivity plc.

Key Dates

Keywords

TE Connectivity, TEL, Form 4, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Dividend Equivalents, Corporate Controller