On March 20, ZAPICO, Chief Executive Officer at AMETEK (NYSE:AME), executed a strategic insider move by acquiring stock options for 40,790 shares.
What Happened: ZAPICO, Chief Executive Officer at AMETEK, acquired stock options for 40,790 shares of AME. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The options allow ZAPICO to buy the company's stock at $181.93 per share.
AMETEK shares are trading down 0.0% at $184.2 at the time of this writing on Thursday morning. Since the current price is $184.2, this makes ZAPICO's 40,790 shares worth $92,593.
Unveiling the Story Behind 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 efficiencies, and global and market expansion.