APH Form 4 — Silverman Exercises 100K Options and Sells 100K Shares at $110.42
Rhea-AI Filing Summary
Amphenol (APH) insider changes: Senior VP, Human Resources David M. Silverman reported transactions dated 08/25/2025. He exercised 100,000 stock options with an exercise price of $18.23 (options issued 05/19/2018, expiring 05/19/2027) and thereby acquired 100,000 Class A shares. On the same date he sold 100,000 Class A shares at a weighted average sale price of $110.4203 (trades ranged $109.90 to $110.59). Following the reported transactions the filing shows 12,500 Class A shares beneficially owned directly and 14,000 Class A shares indirectly through the 2025 GRAT #1.
Positive
- Option exercise and sale were fully disclosed with exercise price, option dates, sale weighted-average price, and trade-range specified
- Filing identifies indirect holdings (14,000 shares via 2025 GRAT), showing transparency about ownership structures
Negative
- Direct beneficial ownership decreased to 12,500 Class A shares following the reported transactions
- Large share disposition (100,000 shares sold) reduced the officer’s direct stake materially relative to prior reported post-exercise holdings
Insights
TL;DR: Routine option exercise and sell-to-cover/exit sale by an executive; not an unusual Section 16 filing.
The filing documents an exercise of 100,000 stock options (exercise price $18.23) followed by a contemporaneous sale of 100,000 Class A shares at a weighted average of $110.4203, with trade prices between $109.90 and $110.59. The option grant dates and expiration (05/19/2018 to 05/19/2027) are disclosed. Current direct beneficial ownership is reported as 12,500 shares and an indirect holding of 14,000 shares via a 2025 GRAT. This is a standard disclosure of liquidity events by an officer and does not in itself indicate material change to control or corporate strategy.
TL;DR: Compliance filing shows proper Section 16 reporting for an officer’s option exercise and sale.
The Form 4 shows the reporting person is Senior VP, Human Resources and that the form was filed by one reporting person. The signature is by a POA dated 08/26/2025. The filing includes an explicit explanation that the sale price is a weighted average and lists the trade price range. Ownership detail separates direct and indirect holdings (including a GRAT). From a governance perspective, the filing is complete in required disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 100,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 100,000 | $18.23 | $1.82M |
| Sale | Class A Common Stock | 100,000 | $110.4203 | $11.04M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (2)
- F1. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2. This transaction was executed in multiple trades at prices ranging from $109.90 to $110.59.
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