AMETEK (AME) VP Amodei receives stock award and withholds shares for taxes
Rhea-AI Filing Summary
AMETEK Senior VP and Controller Robert Amodei reported routine equity compensation activity. He acquired 279 shares of common stock at $0.0000 per share as a grant, reflecting the settlement of PRSUs awarded on March 22, 2023. To cover related tax obligations, 96 shares were disposed of at $233.3300 per share through a tax-withholding transaction. After these transactions, he directly held 43,930 shares of common stock, along with 711 common stock/Serp units and 3,149 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 279 | $0.00 | -- |
| Tax Withholding | Common Stock | 96 | $233.33 | $22K |
| holding | Common Stock/Serp | -- | -- | -- |
| holding | 401k Plan | -- | -- | -- |
Footnotes (1)
- Settlement of PRSUs awarded on March 22, 2023. Represents withholding of shares to pay taxes.
FAQ
What insider transactions did AMETEK (AME) report for Robert Amodei?
AMETEK reported that Senior VP and Controller Robert Amodei received a grant of 279 common shares and had 96 shares withheld for taxes. These transactions reflect equity compensation activity rather than open-market buying or selling of AMETEK stock.
Do the AMETEK (AME) Form 4 transactions indicate open-market trading by Robert Amodei?
The Form 4 characterizes the 279-share increase as a grant or award tied to PRSU settlement and the 96-share decrease as tax withholding. Neither transaction is described as an open-market buy or sell of AMETEK shares.
What is the significance of the PRSU settlement noted in AMETEK (AME)’s Form 4?
The footnote states the grant reflects settlement of PRSUs awarded on March 22, 2023. This means previously granted performance-based stock units converted into common shares, increasing Amodei’s direct ownership without cash changing hands.