Kroeger Shadrak W 4

What Happened Shadrak W. Kroeger, President, Industrial Solutions at TE Connectivity (TEL), exercised stock options to acquire 9,400 shares at $93.63 per share (cost ≈ $880,122) on March 2, 2026. On the same day he sold a total of 9,400 shares in multiple open-market transactions at prices roughly between $219 and $223 per share, generating about $2,091,661 in proceeds from the open-market sales. The filing also reports a simultaneous disposition of 9,400 shares at $93.63 (reported as a derivative disposition, $880,122), so total reported proceeds/consideration across the transactions sum to ≈ $2.97M.

Key Details

• Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely filing).
• Option exercise: 9,400 shares @ $93.63 (code M) — reported acquisition cost ≈ $880,122.
• Open-market sales: 9,400 shares total (codes S) in several blocks at weighted-average prices; aggregate proceeds from listed sales ≈ $2,091,661. Reported sale price ranges across blocks: ~$219.20–$223.30 per share (see filing footnotes for block ranges and weighted averages).
• Reported derivative disposition: 9,400 shares @ $93.63 (reported as a derivative disposition, $880,122).
• Notable footnotes:
  • At least one sale was effected under a Rule 10b5-1 trading plan adopted Nov 14, 2025.
  • Footnotes provide weighted-average prices and price ranges for the sale blocks; option vesting detail: options were exercisable in four equal installments on each anniversary of Nov 15, 2019.
• Shares owned after transaction: not specified in the provided filing details.

Context

• This filing shows an option exercise (M) followed by same‑day sales (S). When an exercise and disposals occur the same day, filings often reflect a cashless or simultaneous sale to cover exercise cost and/or taxes; the Form 4 here reports both the exercise and disposals. M = option exercise/conversion, S = open-market sale. These are sales (not purchases), often routine or plan-driven (note the 10b5-1 plan disclosure); they are factual disclosures of insider activity and do not by themselves indicate the insider’s opinion of the company’s prospects.