8-KLeadership Changes

TE Connectivity plc 8-K Report, Executive Changes (Sep 16, 2019)

Filed September 16, 2019For Securities:TEL

Summary

TE Connectivity plc (TEL) filed an 8-K on September 16, 2019, reporting a key executive compensation event. On September 11, 2019, the company granted 2,750 restricted stock units (RSUs) to John S. Jenkins, Jr., Executive Vice President and General Counsel. This grant recognizes Mr. Jenkins' expanded role in managing and overseeing the company's emerging markets opportunities. The RSUs are subject to a four-year vesting schedule, commencing on the first anniversary of the grant date, vesting ratably thereafter. This information is important for investors to understand executive compensation strategies and how they align with strategic initiatives, such as the focus on emerging markets.

Key Highlights

  • 1Grant of 2,750 restricted stock units (RSUs) to EVP and General Counsel John S. Jenkins, Jr. on September 11, 2019.
  • 2RSU grant is in recognition of Mr. Jenkins' assumption of additional responsibilities for emerging markets opportunities.
  • 3RSUs vest ratably over four years, starting on the first anniversary of the grant date.
  • 4Compensation event detailed under Item 5.02 of the 8-K filing.
  • 5Company is TE Connectivity Ltd. (TEL).
  • 6Filing date: September 16, 2019.

Frequently Asked Questions

The restricted stock units (RSUs) were granted to John S. Jenkins, Jr. to recognize and reward him for the additional responsibilities he has taken on for the management and oversight of TE Connectivity's emerging markets opportunities.

The RSUs will vest ratably over a four-year period, beginning on the first anniversary of the grant date (September 11, 2019). This means a portion will vest each year for four years.

A total of 2,750 restricted stock units were granted to Mr. Jenkins.

This specific 8-K filing primarily details an executive compensation event related to an individual's expanded role. It does not, on its own, provide comprehensive information about the company's overall financial performance or broader strategic shifts. Investors should review other SEC filings and company communications for a complete picture.