Hermance David F. 4
Research Summary
AI-generated summary
AMETEK (AME) President David Hermance Receives Award and Options
What Happened
- David F. Hermance, President — Electromechanical at AMETEK, was granted 1,240 restricted shares on 2026-03-18 (reported price $212.77, total value ~$263,835). To cover withholding taxes on that award, 248 shares were withheld (disposed) at $212.77 each (value ~$52,767). The filing also reports a derivative award of 3,930 option shares (reported at $0 in the filing).
Key Details
- Transaction date(s): March 18, 2026; filing date: March 19, 2026 (Form 4 accession 0001037868-26-000102).
- Grant: 1,240 restricted shares at $212.77/share (total ~$263,835).
- Tax withholding: 248 shares withheld at $212.77/share (value ~$52,767) to satisfy tax obligations.
- Derivative award: 3,930 option-equivalent shares reported as $0 (see footnote).
- Footnotes: restricted stock issued under AMETEK’s 2020 Omnibus Incentive Compensation Plan; withholding represents shares used to pay taxes; options vest in three equal annual installments beginning March 18, 2027.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: filed the day after the transactions (no late-file flag shown).
Context
- The award is a grant of restricted stock and stock-options-type derivative rights (not an open-market purchase or sale). The 248-share disposition is a tax-withholding action common when restricted shares vest or are issued and does not represent a voluntary sale for investment purposes. The reported derivative award will vest in three equal annual installments starting March 18, 2027 per the filing footnote.