AMETEK (NYSE: AME) SVP receives new stock and option awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMETEK Senior VP and Controller Robert Amodei received new equity awards. He was granted stock options for 1,130 shares of common stock at an exercise price of $212.77 per share. These options vest in three equal annual installments beginning on March 18, 2027 and expire on March 18, 2036.
Amodei also received 360 shares of common stock at $212.77 per share as restricted stock under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan. Of these, 69 shares were withheld to cover taxes, with the remainder added to his direct holdings, which total 44,221 common shares after the transactions. He also holds 3,149 shares indirectly through a 401(k) plan and 711 shares in a Common Stock SERP account.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Amodei Robert
Role
Senior VP, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 1,130 | $0.00 | -- |
| Grant/Award | Common Stock | 360 | $212.77 | $77K |
| Tax Withholding | Common Stock | 69 | $212.77 | $15K |
| holding | 401k Plan | -- | -- | -- |
| holding | Common Stock/Serp | -- | -- | -- |
Holdings After Transaction:
Stock Option — 1,130 shares (Direct);
Common Stock — 44,290 shares (Direct);
401k Plan — 3,149 shares (Indirect, 401(K) Plan);
Common Stock/Serp — 711 shares (Direct)
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 equity awards did AMETEK (AME) executive Robert Amodei receive?
Robert Amodei received two equity awards: 1,130 stock options and 360 restricted shares of AMETEK common stock. The restricted shares were issued under the 2020 Omnibus Incentive Compensation Plan and a portion was withheld to satisfy tax obligations.
What is the exercise price and vesting schedule of Robert Amodei’s new AMETEK options?
The new stock options have an exercise price of $212.77 per share and cover 1,130 AMETEK common shares. They become exercisable in three equal annual installments starting on March 18, 2027, and will remain outstanding until their expiration on March 18, 2036.
Do Robert Amodei’s AMETEK option awards involve any immediate cash payment?
The option grant itself does not involve an immediate cash payment; the transaction price per option share is reported as $0.00. Any cash payment would occur only if and when Amodei exercises the options at the exercise price of $212.77 per share in the future.