AMETEK (NYSE: AME) president receives new stock options and restricted shares
Filing Impact
Filing Sentiment
Form Type
4
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
5 transactions reported
Mixed
5 txns
Insider
Hermance David F.
Role
PRESIDENT - ELECTROMECHANICAL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 3,930 | $0.00 | -- |
| Grant/Award | Common Stock | 1,240 | $212.77 | $264K |
| Tax Withholding | Common Stock | 248 | $212.77 | $53K |
| holding | 401k Plan | -- | -- | -- |
| holding | Common Stock/ Serp | -- | -- | -- |
Holdings After Transaction:
Stock Option — 3,930 shares (Direct);
Common Stock — 43,226 shares (Direct);
401k Plan — 484 shares (Indirect, 401(K) Plan);
Common Stock/ Serp — 993 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 David F. Hermance receive?
David F. Hermance received stock options for 3,930 AMETEK shares and 1,240 restricted common shares as equity compensation. These awards were granted under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan at an exercise or grant price of $212.7700 per share.
At what price and schedule are David F. Hermance’s AMETEK stock options exercisable?
Hermance’s AMETEK stock options have an exercise price of $212.7700 per share. They become exercisable in three equal annual installments beginning on March 18, 2027, and remain outstanding until their stated expiration date of March 18, 2036, subject to plan terms.
What is the nature of the restricted stock reported for AMETEK executive David F. Hermance?
The 1,240 AMETEK restricted shares reported for Hermance constitute restricted stock issued under the AMETEK, Inc. 2020 Omnibus Incentive Compensation Plan. These shares represent compensation rather than an open-market purchase, and 248 of them were withheld to cover associated tax liabilities.
Does David F. Hermance have remaining AMETEK stock options beyond this new grant?
The filing’s derivative position summary shows only the newly granted 3,930 stock options for Hermance. No additional unexercised options are listed, indicating this grant represents his visible derivative position as of the reported transaction date in the Form 4 data.