Ametek (NYSE: AME) executive logs stock award and tax-withholding share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMETEK executive Tony J. Ciampitti reported several equity-related transactions. He received a grant of 2,755 shares of common stock, described as the settlement of PRSUs awarded on March 22, 2023, increasing his directly held common stock to 55,851 shares.
The filing also shows a disposition of 733 common shares to cover taxes, at a transaction price of 233.33 per share, leaving 55,118 directly owned shares. In addition, 63 units in a Supplemental Executive Retirement Plan and 16 units in a 401(k) Plan were added through dividend reinvestments.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
CIAMPITTI TONY J
Role
PRES. - ELECTRONIC INSTRUMENTS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock/ Serp | 63 | $0.00 | -- |
| Other | 401k Plan | 16 | $0.00 | -- |
| Grant/Award | Common Stock | 2,755 | $0.00 | -- |
| Tax Withholding | Common Stock | 733 | $233.33 | $171K |
Holdings After Transaction:
Common Stock/ Serp — 9,465 shares (Direct);
401k Plan — 2,776 shares (Indirect, 401k Plan);
Common Stock — 55,851 shares (Direct)
Footnotes (1)
- Represents dividend reinvestments pursuant to the Supplemental Executive Retirement Plan. Represents dividend reinvestments pursuant to the 401(k) Plan. Settlement of PRSUs awarded on March 22, 2023 Represents withholding of shares to pay taxes.
FAQ
What insider transactions did AME executive Tony Ciampitti report?
Tony Ciampitti reported a stock award and related adjustments. He acquired 2,755 AME common shares from PRSU settlement, had 733 shares withheld for taxes, and recorded small dividend reinvestments in a SERP and 401(k) plan, reflecting routine compensation and plan activity.
What does the AME Form 4 say about PRSU awards to Tony Ciampitti?
The Form 4 shows settlement of PRSUs awarded to Tony Ciampitti on March 22, 2023. This settlement resulted in a grant of 2,755 AME common shares, recorded as a grant, award, or other acquisition, increasing his directly held stock position reported in the filing.
What are the SERP and 401(k) Plan entries in the AME Form 4?
The Form 4 notes 63 units added under a Supplemental Executive Retirement Plan and 16 units added under a 401(k) Plan. Footnotes explain both represent dividend reinvestments, indicating automatic plan-level accumulation rather than open-market purchases or sales by Tony Ciampitti.