At Entegris, we believe employees play a critical role in our long-term success. As part of our Total Rewards program, eligible employees may receive Restricted Stock Units (RSUs), which provide an opportunity to share in the value created for our shareholders over time.
RSUs align employee and shareholder interests, support retention, and recognize the contributions employees make to helping Entegris achieve its strategic goals. Through RSUs, employees can participate in the company’s future growth while building long-term financial value. These awards are granted under the Entegris stock plan and result in shares of company stock being delivered when vesting conditions are satisfied.
If receiving an award, you will be communicated a grant amount in dollars. On the date of grant, the number of shares are calculated by dividing this value by closing price of Entegris stock.
RSUs generally vest over the course of 4 years, with 25% vesting 1 year following your grant, and the remaining 75% vesting in quarterly installments over the following 3 years. Vest dates occur on the 5th day of each fiscal quarter.
At the time of vesting, your RSUs will convert to shares of Entegris common stock and will be deposited into your Fidelity stock plan account, along with any accrued cash dividends associated with the distributed shares.
At this point, you wholly own these shares and may choose to sell them or hold them for potential future growth.
