Disclosed in a recent SEC filing, Ronald Oscher, Chief Administrative Officer at AMETEK (NYSE:AME), made a strategic move by acquiring company stock options on March 20,.
What Happened: Revealed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, Oscher, Chief Administrative Officer at AMETEK, strategically acquired stock options for 3,880 shares of AME. These options empower Oscher to buy the company's stock at a favorable exercise price of $181.93 per share.
The Thursday morning market activity shows AMETEK shares up by 0.8%, trading at $185.68. This implies a total value of $14,550 for Oscher's 3,880 shares.
About AMETEK
Ametek Inc is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets, and generates major revenue. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. The majority of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational ...