TEL insider exercises options and sells 23,850 shares at ~$202
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 23,850 | $0.00 | $0.00 |
| Exercise | Common Shares | 23,850 | $93.36 | $2.23M |
| Sale | Common Shares | 3,583 | $201.5858 | $722K |
| Sale | Common Shares | 7,221 | $202.8328 | $1.46M |
| Sale | Common Shares | 13,046 | $203.4676 | $2.65M |
Footnotes (5)
- F1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 4, 2024.
- F2. The reported price is the weighted average price for the transactions on September 2, 2025. The range of prices for the transactions is from $201.02 to $202.00 per share. Information regarding the number of shares sold at each separate price will be provided upon request to the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F3. The reported price is the weighted average price for the transactions on September 2, 2025. The range of prices for the transactions is from $202.11 to $203.10 per share. Information regarding the number of shares sold at each separate price will be provided upon request to the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F4. The reported price is the weighted average price for the transactions on September 2, 2025. The range of prices for the transactions is from $203.12 to $203.99 per share. Information regarding the number of shares sold at each separate price will be provided upon request to the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F5. Options are exercisable in four equal installments on each of the first, second, third and fourth anniversary of November 15, 2017.
FAQ
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What did the TEL insider file on Form 4 for 09/02/2025?
What is the reporting person’s beneficial ownership of TEL after the transactions?
Was the sale part of a pre-authorized trading plan for TEL insiders?
Who signed the Form 4 on behalf of the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.