AMETEK (NYSE: AME) executive reports share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
4 transactions reported
Mixed
4 txns
Insider
Hermance David F.
Role
PRESIDENT - ELECTROMECHANICAL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock/ Serp | 6 | $0.00 | -- |
| Other | 401k Plan | 3 | $0.00 | -- |
| Grant/Award | Common Stock | 2,652 | $0.00 | -- |
| Tax Withholding | Common Stock | 831 | $233.33 | $194K |
Holdings After Transaction:
Common Stock/ Serp — 993 shares (Direct);
401k Plan — 484 shares (Indirect, 401(K) Plan);
Common Stock — 42,817 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 AMETEK (AME) executive David F. Hermance report?
David F. Hermance reported a grant of 2,652 AMETEK common shares from settled performance-based RSUs, tax withholding of 831 shares, and small dividend reinvestments into both a Supplemental Executive Retirement Plan and a 401(k) Plan on the same transaction date.
What changes occurred in David F. Hermance’s AMETEK (AME) retirement plan holdings?
His Supplemental Executive Retirement Plan position increased by 6 units from dividend reinvestments, and his 401(k) Plan holdings rose by 3 units from dividend reinvestments. After these transactions, the 401(k) Plan position totaled 484 units attributed to him indirectly.
What is the overall nature of the AMETEK (AME) Form 4 transactions for David F. Hermance?
The transactions reflect routine compensation and plan activity: settlement of performance-based RSUs into shares, share withholding for taxes, and dividend reinvestments in retirement-related plans, rather than active trading decisions in AMETEK common stock on the open market.