Entegris (ENTG) SVP has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Entegris Inc. senior executive Clinton M. Haris reported an automatic tax-related share disposition tied to restricted stock unit vesting. On settlement of these restricted stock units, 1,290 shares of common stock were withheld at $116.40 per share to satisfy tax withholding obligations, rather than being sold in the open market. After this tax-withholding transaction, Haris directly holds 54,960.67 shares of Entegris common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haris Clinton M.
Role
SVP & President, APS Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,290 | $116.40 | $150K |
Holdings After Transaction:
Common Stock — 54,960.67 shares (Direct)
Footnotes (1)
- Shares automatically withheld upon settlement of restricted stock units to satisfy tax withholding obligations. Because the shares vested on Sunday, April 5, the price stated above is the closing price per share of Entegris common stock on Thursday, April 2nd, the last trading day immediately prior to the vesting date.
Key Figures
Tax-withheld shares: 1,290 shares
Withholding price: $116.40 per share
Shares held after transaction: 54,960.67 shares
3 metrics
Tax-withheld shares
1,290 shares
Shares automatically withheld to satisfy tax withholding obligations on RSU settlement
Withholding price
$116.40 per share
Closing price on April 2, last trading day before April 5 vesting
Shares held after transaction
54,960.67 shares
Direct ownership following the tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, vesting date
3 terms
restricted stock units financial
"Shares automatically withheld upon settlement of restricted stock units to satisfy tax withholding obligations."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Shares automatically withheld upon settlement of restricted stock units to satisfy tax withholding obligations."
vesting date financial
"the last trading day immediately prior to the vesting date."
FAQ
What insider transaction did ENTEGRIS INC (ENTG) report for Clinton M. Haris?
ENTEGRIS INC reported that executive Clinton M. Haris had 1,290 common shares automatically withheld to cover taxes on restricted stock units. This was a tax-withholding disposition, not an open-market sale, and occurred when the restricted stock units settled.
Was the ENTEGRIS INC (ENTG) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were automatically withheld upon settlement of restricted stock units to satisfy tax withholding obligations, rather than sold at the executive’s discretion in the market.
Why did the ENTEGRIS INC (ENTG) Form 4 use the April 2 closing price for the RSU vesting?
The Form 4 used the April 2 closing price because the restricted stock units vested on Sunday, April 5. Since markets were closed that day, the company used the last trading day immediately prior to vesting, which was Thursday, April 2.