ENTG Insider Filing: Reeder Becomes President & CEO, Prior RSUs Forfeited
Rhea-AI Filing Summary
David Reeder, reporting person, filed a Form 4 disclosing a non‑derivative transaction on 08/21/2025 involving Entegris, Inc. (ENTG) common stock. The filing shows a disposal of 2,897 shares (reported as D at $0) which the form explains are unvested restricted stock units granted April 23, 2025 that are being forfeited. The forfeiture is tied to awards granted to Mr. Reeder on 08/18/2025 in connection with his new role as the company's President & CEO. After the reported transaction, Mr. Reeder beneficially owns 58,457 shares in total.
Positive
- Reporting person designated as President & CEO, as stated in the filing
- Beneficial ownership retained: 58,457 shares held following the reported transaction
Negative
- Forfeiture of 2,897 restricted stock units (reported as a disposal at $0)
- Details of the replacement awards granted 08/18/2025 are not disclosed in this Form 4
Insights
TL;DR: Director became President & CEO; prior unvested RSUs were forfeited and replaced by new awards dated 08/18/2025.
The Form 4 documents a governance and compensation change rather than an open‑market trade. The filing explicitly states 2,897 restricted stock units granted April 23, 2025 are unvested and were forfeited in conjunction with awards granted 08/18/2025 tied to the individual's new executive role. This indicates a standard internal compensation adjustment on role change. Materiality to shareholders depends on the size of the new awards (not disclosed here) and any associated dilution or service terms, which are not provided in this filing.
TL;DR: Filing reflects an internal award forfeiture (2,897 units) and confirms beneficial ownership of 58,457 shares after the change.
From a Section 16 reporting perspective, the Form 4 properly records a disposal event dated 08/21/2025 and identifies the reporting person as both director and President & CEO. The transaction code and zero price indicate administrative forfeiture rather than an open‑market sale. The form is signed by an attorney‑in‑fact and contains the required explanatory remark about the forfeiture and replacement awards dated 08/18/2025.