Form 4: TE Connectivity SVP Malavika Sagar Reports Acquisition of Common Shares and Restricted Stock Units
SEC Filing
Malavika Sagar, SVP and Chief Human Resources Officer at TE Connectivity Ltd., reports acquiring common shares and 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 report details changes in beneficial ownership of securities.
- Sagar acquired 4,068.53 common shares.
- Additionally, 23 restricted stock units were acquired as dividend equivalents on September 6, 2024.
- These restricted stock units vest according to the underlying award and convert to common shares upon vesting.
- Following the reported transactions, Sagar directly owns 5,193 derivative securities.
- The conversion rate for the restricted stock units is 1-for-1.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of earliest transaction: Acquisition of restricted stock units as dividend equivalents. |
| 09/09/2024 | Date of signature by attorney-in-fact Harold G. Barksdale. |
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