ZAPICO DAVID A 4
Research Summary
AI-generated summary
AMETEK (AME) CEO David Zapico Receives Award, Withholds Shares for Taxes
What Happened
- David A. Zapico, CEO of AMETEK, had performance-based restricted stock units (PRSUs) settle on Feb 17, 2026. The settlement resulted in the acquisition of 32,519 shares (code A). To cover tax withholding, 12,797 of those shares were surrendered/disposed at $233.33 each, totaling $2,985,924 (code F). An additional 76 shares were acquired via dividend reinvestment under a supplemental retirement plan (code J). Net increase from these transactions: 19,798 shares.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (filed within the typical two-business-day window).
- Breakdown: 32,519 shares granted/settled (A); 12,797 shares withheld/disposed for taxes at $233.33 each = $2,985,924 (F); 76 shares from dividend reinvestment (J).
- Shares owned after the transactions: not specified in the filing.
- Footnotes: F1 = settlement of PRSUs awarded Mar 22, 2023; F2 = shares withheld to pay taxes; F3 = dividend reinvestments under the Supplemental Executive Retirement Plan.
- Transaction codes: A = award/settlement, F = tax withholding, J = other acquisition (dividend reinvestment).
Context
- This is a routine PRSU settlement and associated tax withholding, not an open-market sale or a purchase using cash. Withholding of shares for taxes is common when equity awards vest and does not necessarily signal a change in the insider’s view of the company.