Form 4: Texas Instruments Director Richard Templeton Reports Stock Sales
SEC Form 4
Richard Templeton, a director at Texas Instruments, reported the sale of company stock over two days in late February 2025, while also exercising stock options.
Summary
- Richard Templeton, a director and Chairman at Texas Instruments, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 25, 2025, Templeton exercised options to acquire 97,000 shares at a price of $52.93 and sold 97,000 shares in multiple transactions at prices ranging from $198.50 to $202.50.
- On February 26, 2025, Templeton again exercised options to acquire 97,000 shares at $52.93 and sold 97,000 shares in multiple transactions at prices ranging from $195.98 to $199.335.
- After these transactions, Templeton directly owns 409,089 shares of Texas Instruments common stock.
- He also has indirect ownership through a TI 401(k) account (307.94 shares), a TI Universal Profit Sharing Account (12,681.05 shares), and trusts for the benefit of his children (48,840 shares).
Sentiment
Score: 5
Explanation: This is a neutral filing. It simply reports transactions. The sales could be for personal financial planning and do not necessarily reflect a negative view of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.
Comparison to Industry Standards
- Monitoring insider trading activity is a standard practice in financial analysis.
- Comparing Templeton's transactions to those of other directors at peer companies like Intel (INTC) or NVIDIA (NVDA) could provide context.
- Analyzing the timing and volume of these transactions relative to Texas Instruments' earnings announcements or other significant corporate events is also a common practice.
Stakeholder Impact
- The transactions could have a minor impact on shareholders if they interpret the sales as a lack of confidence by the director, although this is unlikely given the routine nature of such filings.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date for estimated shares attributable to TI 401(k) and Universal Profit Sharing Accounts. |
| 01/29/2017 | Starting date of four equal annual installments for option exercisability. |
| 01/29/2026 | Expiration date of NQ Stock Options. |
| 02/25/2025 | Date of first reported transaction: exercise of options and sale of shares. |
| 02/26/2025 | Date of second reported transaction: exercise of options and sale of shares. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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