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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 23,850 | $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 (1)
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 4, 2024. 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. 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. 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. Options are exercisable in four equal installments on each of the first, second, third and fourth anniversary of November 15, 2017.
