AMETEK (NYSE: AME) executive granted restricted stock and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMETEK executive Tony J. Ciampitti, President of Electronic Instruments, received new equity awards. He was granted stock options for 4,110 shares of common stock at an exercise price of $212.77 per share, which become exercisable in three equal annual installments beginning on March 18, 2027. He also received 1,300 shares of restricted common stock valued at $212.77 per share, while 229 shares were withheld to pay taxes. Following these transactions, he directly holds 56,189 shares of common stock, plus 4,110 stock options, with additional holdings of 9,465 units in a SERP account and 2,776 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
CIAMPITTI TONY J
Role
PRES. - ELECTRONIC INSTRUMENTS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 4,110 | $0.00 | -- |
| Grant/Award | Common Stock | 1,300 | $212.77 | $277K |
| Tax Withholding | Common Stock | 229 | $212.77 | $49K |
| holding | Common Stock/ Serp | -- | -- | -- |
| holding | 401k Plan | -- | -- | -- |
Holdings After Transaction:
Stock Option — 4,110 shares (Direct);
Common Stock — 56,418 shares (Direct);
Common Stock/ Serp — 9,465 shares (Direct);
401k Plan — 2,776 shares (Indirect, 401k Plan)
Footnotes (1)
- Constitutes restricted stock issued under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan. Represents withholding of shares to pay taxes. The stock options will become exercisable in three equal annual installments beginning on March 18, 2027.
FAQ
What did AMETEK (AME) executive Tony J. Ciampitti receive in this Form 4 filing?
Tony J. Ciampitti received stock options for 4,110 shares and 1,300 shares of restricted common stock. These awards are part of AMETEK’s 2020 Omnibus Incentive Compensation Plan and represent equity-based compensation, not open-market purchases.
At what price were Tony J. Ciampitti’s AMETEK (AME) stock options granted?
The stock options were granted with an exercise price of $212.77 per share. This is the price Ciampitti must pay per share to exercise the options once they vest, aligning his incentives with AMETEK’s long-term share performance.
How and when do Tony J. Ciampitti’s AMETEK (AME) stock options vest?
The 4,110 stock options become exercisable in three equal annual installments beginning on March 18, 2027. This phased vesting schedule encourages multi-year retention and performance, as Ciampitti gains exercise rights gradually over three years.
Are Tony J. Ciampitti’s AMETEK (AME) equity awards open-market purchases?
No, these entries reflect compensation-related grants and tax withholding. The Form 4 shows awards of restricted stock and stock options under AMETEK’s 2020 Omnibus Incentive Compensation Plan, rather than discretionary buying or selling of shares in the open market.