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

Reuben M. Shaffer, SVP and Corporate Controller of TE Connectivity plc, reports the acquisition of 16 restricted stock units as dividend equivalents.

Summary

• On March 7, 2025, Reuben M. Shaffer, SVP and Corporate Controller of TE Connectivity plc, acquired 16 restricted stock units as dividend equivalents.
• These restricted stock units are issued as dividend equivalents on the occurrence of payment to the Issuer's shareholders.
• The restricted stock units vest according to the underlying award, receive dividend equivalent stock units, and convert to common shares upon vesting.
• Shaffer directly owns 3,934 common shares following the reported transaction.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment with shareholder interests.

Positives

• The acquisition of restricted stock units as dividend equivalents indicates continued alignment of the executive's interests with those of the shareholders.

Future Outlook

The restricted stock units are subject to acceleration upon certain events and will convert to common shares upon vesting.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard compensation practices.

Stakeholder Impact

• The acquisition of restricted stock units by an executive can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates