TE Connectivity (TEL) exec exercises options, sells 9,400 shares under plan
Rhea-AI Filing Summary
TE Connectivity plc executive Shadrak W. Kroeger exercised stock options and sold shares in a planned transaction. On April 8, 2026, he exercised options to acquire 9,400 Common Shares at $93.63 per share, converting derivative holdings into stock.
That same day, he sold a total of 9,400 Common Shares in open-market transactions at weighted average prices of $223.72 and $222.85 per share, pursuant to a Rule 10b5-1 trading plan adopted on November 14, 2025. After these transactions, he directly holds 25,976 Common Shares.
Positive
- None.
Negative
- None.
Insights
Executive exercised options then sold the resulting shares under a pre-planned Rule 10b5-1 program.
Pres., Industrial Solutions Shadrak W. Kroeger exercised stock options for 9,400 Common Shares at an exercise price of $93.63 per share, then sold 9,400 shares in open-market trades around $223 per share. This is a classic exercise-and-sell pattern converting option value into cash.
The filing shows two sale blocks of 4,470 and 4,930 shares at weighted average prices of $223.7221 and $222.8471, respectively, executed pursuant to a Rule 10b5-1 trading plan adopted on November 14, 2025. Such plans are pre-arranged, which typically makes the timing less informative about management’s current view.
After the transactions, Kroeger directly owns 25,976 Common Shares. With 100% of the 9,400 exercised option shares sold and no remaining derivatives listed, this appears to be a liquidity event tied to a maturing option grant that was exercisable in four annual installments from November 15, 2019. The overall pattern looks routine rather than thesis-changing.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 9,400 | $93.63 | $880K |
| Exercise | Common Shares | 9,400 | $223.2632 | $2.10M |
| Sale | Common Shares | 4,470 | $223.7221 | $1.00M |
| Sale | Common Shares | 4,930 | $222.8471 | $1.10M |
Footnotes (1)
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2025. The reported price is the weighted average price for the transactions on April 8, 2026. The range of prices for the transactions is from $223.3150 to $223.86 per share. Information regarding the number of shares sold ateach separate price will be provided upon request to the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. The reported price is the weighted average price for the transactions on April 8, 2026. The range of prices for the transactions is from $222.22 to $223.21 per share. Information regarding the number of shares sold ateach separate price will be provided upon request to the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Options are exercisable in four equal installments on each of the first, second, third and fourth anniversary of November 15, 2019.