TE Connectivity (NYSE: TEL) CEO Vests PSU Shares, Withholds Stock for Taxes
Rhea-AI Filing Summary
TE Connectivity plc reported an insider share transaction by its Chief Executive Officer and Director on December 16, 2025. The CEO acquired 73,676 common shares at $0.0000 per share when a previously granted performance-based stock unit award and related dividend equivalents vested after their three-year performance cycle and automatically settled in common shares.
On the same date, 32,041.7 common shares were disposed of at $228.98 per share in a transaction coded “F,” reflecting shares withheld to cover taxes, leaving 120,576.53 common shares held directly. An additional 40,000 common shares are reported as held indirectly through family trusts.
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FAQ
What insider share transaction did TE Connectivity (TEL) report?
TE Connectivity reported that its Chief Executive Officer and Director had a performance-based stock unit award vest on December 16, 2025, resulting in the acquisition of 73,676 common shares, followed by a tax-related share disposition.
How many TE Connectivity shares did the CEO acquire in this Form 4?
The CEO acquired 73,676 common shares of TE Connectivity at a price of $0.0000 per share when a previously granted performance-based stock unit award and related dividend equivalents vested and settled in shares.
Why were some TE Connectivity (TEL) shares disposed of in this filing?
The filing shows a transaction coded F in which 32,041.7 common shares were disposed of at $228.98 per share. Code F indicates shares were withheld to satisfy tax obligations arising from the vesting of the stock award.
How many TE Connectivity shares does the CEO own after the reported transactions?
After the reported transactions, the CEO beneficially owns 120,576.53 common shares directly. The filing also reports an additional 40,000 common shares held indirectly through family trusts.
What type of equity award vested for the TE Connectivity CEO?
The filing explains that a performance-based stock unit award (PSU) for a three-year performance cycle vested on December 16, 2025, and the PSU and its dividend equivalent units automatically settled into an equivalent number of TE Connectivity common shares.
What is the CEO’s relationship to TE Connectivity as reported in this Form 4?
The reporting person is identified as both a Director and an Officer, serving as Chief Exec. Officer & Director of TE Connectivity plc.