AMETEK executive awarded options and restricted stock
AMETEK executive David F. Hermance, President – Electromechanical, reported routine equity compensation awards.
Rhea-AI Filing Summary
AMETEK executive David F. Hermance, President – Electromechanical, reported routine equity compensation awards. He received stock options for 3,930 shares of common stock at an exercise price of $212.7700 per share, which will become exercisable in three equal annual installments beginning on March 18, 2027 and expire on March 18, 2036.
Hermance was also granted 1,240 shares of restricted common stock at $212.7700 per share, issued under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan. Of these, 248 shares were withheld to cover tax liabilities, leaving 42,978 common shares held directly after the transactions, plus 484 shares held indirectly through a 401(k) plan and 993 common stock SERP units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 3,930 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,240 | $212.77 | $264K |
| Exercise Price or Tax Liability | Common Stock | 248 | $212.77 | $53K |
| holding | 401k Plan | -- | -- | -- |
| holding | Common Stock/ Serp | -- | -- | -- |
Footnotes (3)
- F1. Constitutes restricted stock issued under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan.
- F2. Represents withholding of shares to pay taxes.
- F3. The stock options will become exercisable in three equal annual installments beginning on March 18, 2027.
FAQ
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What equity awards did AMETEK (AME) executive David F. Hermance receive?
At what price and schedule are David F. Hermance’s AMETEK stock options exercisable?
What is the nature of the restricted stock reported for AMETEK executive David F. Hermance?
Does David F. Hermance have remaining AMETEK stock options beyond this new grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.