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.