TE Connectivity officer executes 10b5-1 plan; ownership cut to 25,976 shares
Rhea-AI Filing Summary
Shadrak W. Kroeger, an officer and President of Industrial Solutions at TE Connectivity (TEL), reported transactions on 09/02/2025 executed under a Rule 10b5-1 trading plan adopted November 4, 2024. The filing shows exercise of a stock option for 23,850 shares at an exercise price of $93.36, followed by open-market sales of those shares in three tranches at weighted average prices of $201.5858, $202.8328, and $203.4676.
After these transactions, the reporting person’s beneficial ownership is reported as 25,976 common shares. The filing discloses that the sales were made pursuant to the previously adopted 10b5-1 plan and provides per-tranche price ranges and an offer to supply detailed per-price share counts on request.
Positive
- 10b5-1 plan adoption disclosed (adopted November 4, 2024), indicating trades were pre-authorized
- Option exercise disclosed with terms: 23,850 options exercised at an exercise price of $93.36
Negative
- Significant reduction in beneficial ownership: reported ownership fell from 49,826 shares to 25,976 shares after the transactions
- Large open-market sales: 23,850 shares sold in three tranches on 09/02/2025, which materially decreased insider shareholding
Insights
TL;DR: Officer used a pre-established 10b5-1 plan to exercise options and sell shares, reducing reported ownership materially while following an approved trading plan.
The filing documents a Rule 10b5-1 plan adoption date and shows option exercise plus offsetting sales executed on a single date. From a governance perspective, use of a documented plan limits insider trading concerns because trades were pre-authorized. The filing clearly reports exercise terms ($93.36 exercise price) and weighted average sale prices, and it preserves transparency by offering to provide per-price share allocation on request. This is a routine compliance-driven disclosure rather than a corporate-action event.
TL;DR: The officer converted options into shares and sold all 23,850 acquired shares at ~ $202 average, reducing direct holdings to 25,976 shares.
Transaction detail: a stock option for 23,850 shares was exercised and immediately sold in three weighted-average tranches priced between $201.02 and $203.99, yielding substantial proceeds relative to the exercise price. The filing quantifies pre- and post-transaction beneficial ownership (49,826 before, 25,976 after), enabling investors to measure the ownership change. This is an insider liquidity event executed under a pre-existing plan and clearly reported.