TEL Insider Filing: Reuben Shaffer Granted 14 RSUs Converted 1-for-1
Rhea-AI Filing Summary
Reuben M. Shaffer, SVP and Corporate Controller of TE Connectivity plc (TEL), received 14 restricted stock units (RSUs) that convert 1-for-1 into common shares. The RSUs were recorded with a transaction date of 09/12/2025 and were issued as dividend equivalents tied to the issuer's shareholder payments. The filing states the RSUs vest according to the underlying award, receive dividend-equivalent stock units, and convert to common shares upon vesting. After this transaction, Mr. Shaffer beneficially owns 3,965 common shares directly. The Form 4 was signed by an attorney-in-fact on 09/15/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider grant of a small number of RSUs recorded as dividend equivalents; compliance disclosure appears complete.
The Form 4 documents a standard issuance of 14 restricted stock units to an executive as dividend equivalents with a 1-for-1 conversion to common shares upon vesting. This is a non-cash compensation-related grant rather than a market purchase or sale, and the filing identifies the reporting person, relationship to the issuer, transaction date (09/12/2025), and resulting beneficial ownership (3,965 shares). There are no indications in the filing of sales, transfers, or unusual arrangements that would raise immediate compliance concerns.
TL;DR: Small dividend-equivalent RSU grant consistent with ongoing executive compensation programs; immaterial to capitalization.
The disclosure describes RSUs issued as dividend equivalents that vest per the underlying award and convert 1-for-1 to common shares. The quantity (14 RSUs) is nominal relative to typical executive equity awards and the company’s outstanding shares, indicating no material dilution or change in control implications. The description of acceleration upon certain events is standard language; the filing does not provide further vesting timelines or award grant date beyond the transaction date stated.