SVP and General Counsel at Entegris (NASDAQ: ENTG) receives RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENTEGRIS INC reported that SVP and General Counsel Joseph Colella acquired 7,371 shares of common stock through a compensation-related grant. The award consists of restricted stock units, each convertible into one share at no purchase price, under the Entegris, Inc. 2020 Stock Plan.
After this grant, Colella holds 53,206.45 shares of common stock directly. The restricted stock units vest over time: 25% on April 5, 2027, and the remaining 75% in equal quarterly installments over the following three years, tying the award to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Colella Joseph
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,371 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 53,206.45 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
RSUs granted: 7,371 shares
Shares held after grant: 53,206.45 shares
Grant price per share: $0.00 per share
+2 more
5 metrics
RSUs granted
7,371 shares
Restricted stock unit award to SVP and General Counsel
Shares held after grant
53,206.45 shares
Total common stock directly owned after transaction
Grant price per share
$0.00 per share
Compensation-related RSU grant, not open-market purchase
Initial vesting portion
25%
Vests on April 5, 2027
Remaining vesting portion
75%
Vests in equal quarterly installments over three years thereafter
Key Terms
restricted stock unit ("RSU"), contingent right, Entegris, Inc. 2020 Stock Plan
3 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock."
contingent right financial
"represents a contingent right to receive one share of common stock."
Entegris, Inc. 2020 Stock Plan financial
"Awarded pursuant to the Entegris, Inc. 2020 Stock Plan in consideration of services as an employee."
FAQ
What insider transaction did ENTEGRIS INC (ENTG) report for Joseph Colella?
ENTEGRIS INC reported that SVP and General Counsel Joseph Colella received a grant of 7,371 restricted stock units. Each unit represents one share of common stock, awarded as employee compensation under the Entegris, Inc. 2020 Stock Plan, rather than an open-market share purchase.
What is the vesting schedule for Joseph Colella’s new ENTEGRIS INC RSUs?
The restricted stock units vest in two phases. First, 25% of the RSUs vest on April 5, 2027. The remaining 75% then vest in equal quarterly installments over the subsequent three-year period, conditioning full share delivery on Colella’s continued service with Entegris.
What does each restricted stock unit (RSU) for ENTEGRIS INC represent?
Each Entegris restricted stock unit represents a contingent right to receive one share of common stock. The units convert into shares only as they vest over time, according to the schedule starting April 5, 2027, and continuing with quarterly vesting over three additional years.