Hermance David F. 4
Research Summary
AI-generated summary
AMETEK (AME) President Hermance Receives 2,652-Share Award
What Happened
- David F. Hermance, President — Electromechanical at AMETEK (AME), received a settlement of 2,652 performance-based restricted stock units (PRSUs) on 2026-02-17 (acquired at $0). On the same date he also had 831 shares disposed/withheld to cover taxes at $233.33 per share (disposition value $193,897). Smaller dividend reinvestment acquisitions of 6 and 3 shares were also reported.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (filed two days after the transactions).
- Prices / values:
- PRSU settlement: 2,652 shares @ $0.00 (award/settlement).
- Dividend reinvestments: 6 shares and 3 shares @ $0.00.
- Withholding for taxes: 831 shares @ $233.33 = $193,897 (disposition to satisfy tax liability).
- Shares owned after transaction: Not specified in the filing.
- Footnotes from the filing:
- F1: Dividend reinvestments under the Supplemental Executive Retirement Plan.
- F2: Dividend reinvestments under the 401(k) Plan.
- F3: PRSUs awarded on March 22, 2023 were settled.
- F4: Shares were withheld to pay taxes.
- Filing timeliness: No late filing indicated; report filed two days after the transactions.
Context
- The 2,652 shares were a settlement of previously granted PRSUs (an award), not an open-market purchase — this is compensation vesting rather than a personal cash buy. The 831-share disposition was a tax-withholding action (common in equity award settlements) and does not necessarily reflect a voluntary sale for investment purposes.