Ametek Insider Filing: SERP Dividend Reinvestment and Large Share Disposition
Rhea-AI Filing Summary
David A. Zapico, identified as both a director and the Chief Executive Officer of AMETEK, reported changes in his beneficial ownership of AME common stock. The filing discloses a dividend reinvestment under the Supplemental Executive Retirement Plan (SERP) for 210 shares at no cash price and a disposition of 35,973 shares at $186.95 per share. The report lists post-transaction holdings tied to those entries and the broader common stock position as shown in the form.
The document provides transaction codes and ownership form designations and is signed by an attorney-in-fact on behalf of Mr. Zapico. The filing does not include commentary or explanations beyond a note that the 210-share acquisition represents dividend reinvestment pursuant to the SERP.
Positive
- Dividend reinvestment under the Supplemental Executive Retirement Plan (210 shares) indicates continued participation in company compensation plans
- Continued substantial ownership is reported, demonstrating ongoing insider stake in AME
Negative
- Large disposition of 35,973 shares reported at $186.95 per share, which is a material sale by the CEO/director
- No explanatory note accompanying the large sale (e.g., Rule 10b5-1 plan disclosure) is provided in the filing
Insights
TL;DR: Insider reported a SERP dividend reinvestment and a substantial open-market or plan disposition; ownership remains material.
The filing shows an executive-level insider both acquiring a small number of shares via dividend reinvestment and disposing of a much larger block at a disclosed price of $186.95. The mix of a nominal reinvestment and a sizable disposal can reflect routine plan activity, tax-liability-driven sales, or portfolio rebalancing; the filing itself does not state the reason. The reported post-transaction beneficial ownership figures should be used to assess continued insider alignment with shareholders.
TL;DR: CEO/director reported transactions are material for governance monitoring but the filing contains no rationale.
As both director and CEO, Mr. Zapico's trades are relevant to board-level alignment with investors. The form documents a dividend reinvestment under the company SERP and a notable disposition of 35,973 shares at a specific price. The filing includes standard disclosure elements but does not provide any explanatory context such as compliance with a Rule 10b5-1 plan, other than checkbox fields in the form. Governance teams should note the transactions for routine disclosure review.