LaGorga Linda 4
Research Summary
AI-generated summary
Entegris (ENTG) CFO Linda LaGorga Exercises Options, Sells Shares
What Happened
- Linda LaGorga, Chief Financial Officer of Entegris Inc. (ENTG), exercised stock options and immediately sold the resulting shares. On Feb 20, 2026 she exercised/options conversion of 11,438 shares (exercise amount reported as $91.63 per share, total exercise cost $1,048,064) and sold those 11,438 shares in the open market at $135.00 per share for total proceeds of $1,544,130.
- In addition, on Feb 19, 2026 LaGorga received 8,840 shares upon settlement of performance share units for the 2023–2025 cycle. Of those, 2,950 shares were automatically withheld to satisfy tax withholding obligations, resulting in proceeds reported of $391,376 for the withheld shares (at $132.67 each).
Key Details
- Transaction dates: Feb 19, 2026 (PSU settlement and tax-withholding share disposition); Feb 20, 2026 (option exercise and sale).
- Prices and amounts:
- PSU settlement: 8,840 shares awarded (F1/F2); 2,950 shares withheld for taxes at $132.67 → $391,376 (F3).
- Option exercise: 11,438 shares exercised at $91.63 → $1,048,064 (cash paid/exercise cost).
- Open-market sale: 11,438 shares sold at $135.00 → $1,544,130.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: PSU settlement tied to 2023–2025 performance cycle (F1); grants under 2020 Stock Plan (F2); shares withheld for tax (F3); prior Form 4 correction regarding an earlier option exercise price (F4); option vesting schedule noted (F5).
- Filing timeliness: Form 4 was filed Feb 23, 2026 for transactions on Feb 19–20; this appears timely under Form 4 reporting rules.
Context
- The sequence (exercise at ~$91.63 then immediate sale at $135.00) indicates a cashless or simultaneous exercise-and-sell transaction — the insider exercised options and sold the shares the same day, realizing a net pre-tax gain (sale proceeds minus exercise cost).
- The PSU settlement and automatic withholding for taxes are routine compensation events and do not by themselves signal a market view.
- The report is for an executive (CFO), not a 10% owner; the transactions are typical executive equity compensation activities (exercise, sale, and tax withholding).