SAGAR MALAVIKA 4
Research Summary
AI-generated summary
TE Connectivity (TEL) SVP Sagar Malavika Converts RSUs, Sells Shares
What Happened
Sagar Malavika, Senior Vice President & Chief Human Resources Officer at TE Connectivity (TEL), had 1,043 derivative awards converted into common shares on May 15, 2026 (reported May 18, 2026). Of those shares, 297.16 were disposed/withheld to satisfy tax withholding obligations at a valuation of $203.15 per share, totaling $60,367. The conversion shows a $0.00 exercise price (typical for restricted stock unit settlements), leaving approximately 745.84 shares delivered to her after withholding.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 18, 2026 (timely filing).
- Actions reported: M = exercise/conversion of derivative (1,043 shares @ $0.00); F = tax withholding/settlement (297.16 shares @ $203.15) for $60,367.
- Net shares delivered to insider (approx.): 1,043 − 297.16 = 745.84 shares.
- Footnotes: F1 = settlement of Restricted Stock Units upon vesting; F3 = date exercisable May 15, 2026. F2 = Not applicable.
- Shares owned after the transaction are not specified in the provided filing.
- This was a compensation/vesting event with shares withheld for taxes (routine), not an open-market purchase or investment sale.
Context
This filing reflects RSU settlement (conversion of derivative awards) rather than a discretionary buy or sell for investment reasons. The withholding of 297.16 shares to cover taxes is a standard practice and should be viewed as a routine payroll/tax action tied to vesting, not an insider signaling by market-directional trading.