LOY BERTRAND 4
4 · ENTEGRIS INC · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Entegris (ENTG) Executive Chair Loy Bertrand Sells 44,138 Shares
What Happened
Loy Bertrand, Executive Chair and Director of Entegris, exercised 44,138 vested stock options and immediately sold those 44,138 shares in the open market. The options were exercised at $98.11 per share (total cost $4,330,379) and the shares were sold at a weighted-average price of $144.41 per share for total proceeds of $6,373,969 — an approximate pre-tax difference of $2,043,590.
Key Details
- Transaction dates: April 17, 2026 (reported on Form 4 filed April 20, 2026).
- Exercise: 44,138 shares exercised at $98.11/share; option fully vested (F3).
- Sale: 44,138 shares sold at weighted-average $144.41/share (total $6,373,969); sale prices ranged $140.00–$146.46 (F2).
- Plan: Shares sold pursuant to a Rule 10b5-1 trading plan established Feb 10, 2025 (F1).
- Award origin: Option award made under the Entegris, Inc. 2020 Stock Plan for services (F4).
- Shares owned after the transaction: Not specified in the provided filing.
- Filing timeliness: Form 4 filed April 20, 2026 for the April 17 transaction (check EDGAR for any late-filing flag).
Context
This was a cash exercise of vested options followed by an immediate sale (common “exercise-and-sell” or cashless-like pattern). The sale was executed under a pre-established 10b5-1 trading plan, which indicates the trades were pre-planned rather than ad hoc. Sales by executives can be routine (tax, diversification, liquidity) and do not by themselves signal a change in company outlook.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-17$98.11/sh+44,138$4,330,379→ 271,665 total - Sale
Common Stock
[F1][F2]2026-04-17$144.41/sh−44,138$6,373,969→ 227,527 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F4][F3]2026-04-17−44,138→ 0 totalExercise: $98.11Exp: 2028-02-19→ Common Stock (44,138 underlying)
Footnotes (4)
- [F1]These shares were sold pursuant to a Rule 10b5-1 Trading Plan established by the Reporting Person on February 10, 2025.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.00 to $146.46, inclusive. The Reporting Person undertakes to provide Entegris, Inc., any shareholder of Entegris, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]This option is fully vested.
- [F4]Awarded pursuant to the Entegris, Inc. 2020 Stock Plan in consideration of services as an employee.