Entegris (ENTG) SVP granted 6,318 stock units in long-term award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blachier Olivier reported acquisition or exercise transactions in this Form 4 filing.
ENTEGRIS INC SVP and Chief Strategy Officer Olivier Blachier received an equity grant of 6,318 shares of common stock as compensation. The award was granted at no cash cost to him and was issued under the Entegris, Inc. 2020 Stock Plan in consideration of his services as an employee.
Each unit represents a contingent right to one share of common stock. Twenty-five percent of the units are scheduled to vest on April 5, 2027, with the remaining 75% vesting in equal quarterly installments over the following three years. After this grant, his direct holdings total 35,814.95 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blachier Olivier
Role
SVP, Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,318 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,814.95 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. The RSUs vest as follows: 25% of the RSUs vest on April 5, 2027, and the remaining 75% of the RSUs vest in equal quarterly installments over the three year period thereafter. Awarded pursuant to the Entegris, Inc. 2020 Stock Plan in consideration of services as an employee.
Key Figures
Stock units granted: 6,318 shares
Post-grant holdings: 35,814.95 shares
Initial vesting date: April 5, 2027
3 metrics
Stock units granted
6,318 shares
Common stock units awarded as compensation
Post-grant holdings
35,814.95 shares
Direct ownership after the transaction
Initial vesting date
April 5, 2027
25% of units scheduled to vest
Key Terms
restricted stock unit ("RSU"), contingent right, vest, 2020 Stock Plan
4 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right"
contingent right financial
"represents a contingent right to receive one share of common stock"
vest financial
"The RSUs vest as follows: 25% of the RSUs vest on April 5, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
2020 Stock Plan financial
"Awarded pursuant to the Entegris, Inc. 2020 Stock Plan"
FAQ
What did Entegris (ENTG) executive Olivier Blachier report in this Form 4 filing?
Olivier Blachier reported a grant of 6,318 common stock units from Entegris. The award was issued at no cash cost as employee compensation under the company’s 2020 Stock Plan, increasing his directly held position to 35,814.95 shares after the transaction.
How do the new Entegris (ENTG) stock units vest for Olivier Blachier?
The units vest over several years. Twenty-five percent are scheduled to vest on April 5, 2027, and the remaining 75% vest in equal quarterly installments over the subsequent three-year period, creating a long-term incentive tied to continued service and company performance.
Under which plan were the Entegris (ENTG) stock units granted to Olivier Blachier?
The award was granted under the Entegris, Inc. 2020 Stock Plan. This plan is used to provide equity-based compensation to employees, aligning management incentives with shareholder interests through restricted stock units that vest over time based on continued employment.