LOY BERTRAND 4
Research Summary
AI-generated summary
Entegris (ENTG) Exec Chair Loy Bertrand Receives Award; Shares Withheld
What Happened
- Loy Bertrand, Executive Chair and director of Entegris (ENTG), received 34,624 shares on 2026-02-19 as awards (performance share units and restricted stock) and had 23,279 shares withheld to satisfy tax withholding obligations. The withheld shares were reported as dispositions at $132.67 per share, totaling $3,088,425 (15,149 shares = $2,009,818; 8,130 shares = $1,078,607). The awards themselves were recorded at $0 acquisition price on the Form 4.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (timely filed).
- Award: 34,624 shares granted (code A) — noted as settlement of performance share units and RSUs.
- Withholding: 15,149 shares and 8,130 shares withheld (code F) to cover tax liabilities at $132.67/share; combined withheld = 23,279 shares (~$3.09M).
- Footnotes: F1 = settlement of 2023–2025 performance share units; F2 = award under Entegris 2020 Stock Plan for services; F3/F4 = shares withheld upon settlement of PSUs/RSUs for tax withholding.
- Shares owned after the transaction: not specified in the provided filing.
Context
- This was an award settlement with shares automatically withheld for tax purposes, not an open-market sale. Withholding reduces the net number of shares delivered to the insider and does not necessarily indicate a change in sentiment toward the company. The filings are routine for equity compensation.