Kroeger Shadrak W 4

What Happened

• Shadrak W. Kroeger, President, Industrial Solutions at TE Connectivity, exercised 9,400 stock options on Feb 13, 2026 at $93.63 per share (total exercise cost $880,122) and sold the resulting 9,400 shares the same day in multiple open-market transactions for aggregate proceeds of approximately $2,197,946. Net proceeds after the exercise cost were roughly $1.32M. This is an exercise (M) followed by sales (S) — commonly a cashless exercise and immediate disposition rather than a new buy.

Key Details

• Transaction date: February 13, 2026 (Form 4 filed Feb 17, 2026 — timely)
• Exercise: 9,400 shares at $93.63 each; cost = $880,122 (code M)
• Sales: 9,400 shares sold in multiple tranches; total proceeds ≈ $2,197,946 (codes S)
• Reported sale price ranges by tranche: roughly $224.62 to $237.14 per share (weighted averages and per-trade ranges cited in filing footnotes)
• Footnotes: one sale was executed under a Rule 10b5-1 trading plan adopted Nov 14, 2025 (F1); option vesting/exercise schedule noted in filing (F12)
• Shares owned after the transactions: not specified in the provided filing excerpt

Context

• This sequence (exercise + same-day sales) is typical of a cashless exercise where an insider converts options to shares and sells them, often to cover exercise cost, taxes, or to diversify — it is an exercised-option sale, not an open-market purchase. Transaction codes: M = option exercise/conversion, S = sale. The presence of a 10b5-1 plan for at least one tranche indicates at least some sales were preplanned.