Rice Susan G. 4
Research Summary
AI-generated summary
Entegris (ENTG) SVP Susan Rice Exercises Options, Sells Shares
What Happened
- Susan G. Rice, Senior Vice President, Global Human Resources at Entegris, exercised 12,960 stock options (acquired at $55.72 per share, cost ≈ $722,131) and sold shares the same day. On May 15, 2026 she sold 12,960 shares at a weighted average price of $132.75 (proceeds ≈ $1,720,440) and sold an additional 6,933 shares at a weighted average price of $133.01 (proceeds ≈ $922,158). Total gross sale proceeds were about $2,642,598; after the exercise cost (~$722,131), the net cash proceeds were roughly $1,920,467.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 18, 2026.
- Sales: 12,960 shares @ $132.75 (≈ $1,720,440) and 6,933 shares @ $133.01 (≈ $922,158). Reported weighted-average price ranges: $132.71–$132.96 and $133.01–$133.05 (see footnotes).
- Exercise: 12,960 option shares acquired @ $55.72 (≈ $722,131). The filing also shows the related derivative/option was extinguished (reported at $0) as part of the exercise.
- Footnotes: prices are weighted averages across multiple trades (F1, F2); the option was fully vested (F3); the award/exercise is under the Entegris 2020 Stock Plan (F4).
- Shares owned after the transactions: not specified in this filing.
- No 10b5-1 plan, tax-withholding sale detail, or late-filing notice is indicated in the provided Form 4 information.
Context
- This sequence (exercise of options followed by sale of shares) is common when insiders exercise vested options and sell some or all of the resulting shares—often to cover the exercise cost and taxes. The Form 4 shows both the option exercise (acquisition) and immediate sales but does not state the insider’s motivation. Purchases (buys) are generally watched as stronger signals than routine post-exercise sell-offs; here the activity appears to be an option exercise plus subsequent sales of shares.