LOY BERTRAND 4

What Happened

Loy Bertrand, Executive Chair and Director of Entegris (ENTG), exercised 17,396 vested stock options and sold the resulting 17,396 shares on April 14, 2026. The option exercise cost was $98.11 per share (total $1,706,722). The shares were sold in the open market at a weighted average price of $140.22 per share, generating proceeds of $2,439,267 (gross spread ≈ $732,545 before taxes/fees). The derivative (option) was converted to shares and cancelled as part of the transaction.

Key Details

• Transaction date: April 14, 2026
• Option exercise: 17,396 shares at $98.11 each (total $1,706,722) — option fully vested (F3)
• Sale: 17,396 shares sold at a weighted average price of $140.22 (total $2,439,267); sale prices ranged $140.00–$140.74 (F2)
• 10b5-1 plan: Shares were sold pursuant to a Rule 10b5-1 trading plan established Feb 10, 2025 (F1)
• Award background: Options/award granted under the Entegris, Inc. 2020 Stock Plan (F4)
• Shares owned after transaction: Not provided in the excerpt of the filing
• Filing timeliness: Form 4 filed Apr 16, 2026 for Apr 14 transaction (appears within the typical 2-business-day SEC window)

Context

• This was effectively a “cashless” exercise: the holder exercised vested options and sold the resulting shares the same day. That’s commonly used to cover the exercise cost, taxes and/or to diversify, and does not necessarily signal a change in view on the company.
• The sale was executed under a pre-established 10b5-1 plan, which means the sales schedule was set up in advance and is typically treated as routine by investors.
• The reported figures are gross amounts; net proceeds after taxes, brokerage fees, or other withholdings are not shown.