AMETEK executive gets share award, tax shares withheld
AMETEK executive David F. Hermance, President – Electromechanical, reported several equity-related transactions in company stock.
Rhea-AI Filing Summary
AMETEK executive David F. Hermance, President – Electromechanical, reported several equity-related transactions in company stock. He acquired 2,652 shares of common stock through the settlement of performance-based restricted stock units awarded on March 22, 2023, increasing his direct holdings to 42,817 shares.
To cover related tax obligations, 831 shares of common stock were withheld at a price of 233.3300 per share, reducing his direct holdings to 41,986 shares. In addition, 6 common stock equivalents were added through dividend reinvestments in the Supplemental Executive Retirement Plan and 3 units were added via dividend reinvestments in the 401(k) Plan, bringing his 401(k) position to 484 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock/ Serp | 6 | $0.00 | $0.00 |
| Other | 401k Plan | 3 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 2,652 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 831 | $233.33 | $194K |
Footnotes (4)
- F1. Represents dividend reinvestments pursuant to the Supplemental Executive Retirement Plan.
- F2. Represents dividend reinvestments pursuant to the 401(k) Plan.
- F3. Settlement of PRSUs awarded on March 22, 2023.
- F4. Represents withholding of shares to pay taxes.
FAQ
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