Form 4: TE Connectivity Executive Malavika Sagar Reports Acquisition of Dividend Equivalent Stock Units

Malavika Sagar, SVP and Chief Human Resources Officer at TE Connectivity, reports the acquisition of 22 restricted stock units as dividend equivalents.

Summary

• Malavika Sagar, a Senior Vice President and Chief Human Resources Officer at TE Connectivity Ltd., filed a Form 4.
• The form reports a transaction on June 7, 2024, where Ms. Sagar acquired 22 restricted stock units as dividend equivalents.
• These restricted stock units are subject to acceleration upon certain events and vest according to the underlying award.
• Upon vesting, the restricted stock units convert to common shares.
• Ms. Sagar directly owns 4,068.53 common shares and 5,170 derivative securities following the reported transaction.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects continued alignment of executive interests with shareholder value through equity-based compensation.

Key Dates