TE Connectivity (TEL) Form 144 Files Proposed Sale of 23,850 Shares
Rhea-AI Filing Summary
TE Connectivity plc (TEL) notice reports a proposed sale of 23,850 common shares to be executed through Morgan Stanley Smith Barney LLC on the NYSE on 09/02/2025. The filing lists an aggregate market value of $4,841,375.90 and states total shares outstanding of 295,481,491. The shares were acquired on 09/02/2025 by stock option exercise from the issuer and payment was made in cash. The filer indicates no securities sold in the past three months. Other filer contact and issuer address fields are present but contain no substantive data in this copy of the form.
Positive
- Clear disclosure of the number of shares (23,850), aggregate market value ($4,841,375.90), and execution details (Morgan Stanley Smith Barney LLC on NYSE).
- No prior sales in the past three months reported, simplifying aggregation and suggesting this is an isolated transaction.
Negative
- Key filer and issuer contact fields are blank or not provided in the copy, limiting identification of the selling person.
- No 10b5-1 plan date or seller identity is included, reducing contextual transparency for investors.
Insights
TL;DR: Insider plans to sell 23,850 shares acquired by option exercise; proceeds ~ $4.84M at the listed market value.
The notice documents a routine Rule 144 proposed sale: the shares were acquired and are being sold on the same date via exercise of stock options, with payment in cash and execution through Morgan Stanley Smith Barney on the NYSE. The filing shows no prior sales in the past three months, which aligns with standard aggregation rules. This is a transactional disclosure rather than a corporate operational update; materiality to investors is limited to potential incremental share supply and disclosure of insider liquidity.
TL;DR: Standard Form 144 disclosure of an insider sale following option exercise; no unusual governance signals in this filing alone.
The filer certifies absence of undisclosed material adverse information and notes the sale will be broker-assisted. The form lacks additional contextual details such as identity of the selling person or trading plan dates, so the disclosure is compliant but minimal. Without names or 10b5-1 plan information included here, governance implications cannot be further assessed from this document alone.