Entegris (ENTG) chair gets stock award, withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Entegris Inc Executive Chair Bertrand Loy received a grant of 34,624 shares of common stock at a stated price of $0.0000 per share in connection with settlement of performance share units for the 2023–2025 cycle under the 2020 Stock Plan. On the same date, 15,149 shares and 8,130 shares were automatically withheld at $132.6700 per share to cover tax withholding obligations upon settlement of performance share units and restricted stock units, leaving 317,767 shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LOY BERTRAND
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,624 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,149 | $132.67 | $2.01M |
| Tax Withholding | Common Stock | 8,130 | $132.67 | $1.08M |
Holdings After Transaction:
Common Stock — 341,046 shares (Direct)
Footnotes (1)
- Awarded in connection with the settlement of performance share units for the 2023-2025 performance cycle. Awarded pursuant to the Entegris, Inc. 2020 Stock Plan in consideration of services as an employee. Shares automatically withheld upon settlement of performance share units to satisfy tax withholding obligations. Shares automatically withheld upon settlement of restricted stock units to satisfy tax withholding obligations.
FAQ
What insider stock transactions did ENTEGRIS INC (ENTG) report for Bertrand Loy?
ENTEGRIS INC reported that Executive Chair Bertrand Loy received a grant of 34,624 common shares, then had 15,149 and 8,130 shares automatically withheld at $132.6700 per share to satisfy tax obligations tied to equity award settlements.
Was the Entegris (ENTG) insider stock award to Bertrand Loy part of a performance plan?
Yes. The 34,624-share award to Executive Chair Bertrand Loy was made in connection with settlement of performance share units for the 2023–2025 performance cycle, granted under the Entegris, Inc. 2020 Stock Plan in consideration of his services as an employee.
What do the Entegris (ENTG) Form 4 tax-withholding dispositions represent?
The two dispositions coded “F” represent shares automatically withheld upon settlement of performance share units and restricted stock units, used to pay tax liabilities at $132.6700 per share, rather than discretionary share sales initiated by Executive Chair Bertrand Loy.