Form 4 for VECO VEECO INSTRUMENTS INC
Accepted 2024-03-18 00:00:00 ET · period of report 2024-03-14 · accession 0001415889-24-008283 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-18 | 2024-03-14 | VECO | Devasahayam Adrian | SVP - PRODUCT LINE DEVELOPMENT | S - Sale | $34.10 | -5,000 | 67.3K | -7% | -$170.5K |
| DM | 2024-03-18 | 2024-03-14 | VECO | Devasahayam Adrian | SVP - PRODUCT LINE DEVELOPMENT | A - Grant | $0.00 | +32.0K | 24.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-14 | S | D | 5,000 | $34.10 | 67,277.95 | D | — | — | |
| 2 | Derivative | Restricted Stock Unit | 2024-03-14 | A | A | 8,000 | $0.00 | 8,000 | D | — · — to — | 8,000 common stock | (F1) Each restricted stock unit represents a contingent right to receive one share of Veeco common stock. (F2) These restricted stock units (RSUs) were acquired pursuant to an award under the Veeco Instruments 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to 1/3 of such RSUs on each of the first, second and third anniversaries of the date of grant. Vested shares of Veeco common stock will be delivered to the reporting person on the vesting date. |
| 3 | Derivative | Performance Based Restricted Stock Unit | 2024-03-14 | A | A | 24,000 | $0.00 | 24,000 | D | — · — to — | 24,000 common stock | (F3) On March 14, 2024, the reporting person was granted the contingent right to receive 24,000 performance-based restricted stock units ("PRSUs"). This contingent right is subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which is based on the Company's total shareholder return relative to other companies in the Russell 2000 as specified in the award agreement (the "Criteria"). Each PRSU represents the contingent right to receive one share of Veeco common stock. The award, if earned, could range from 50% to 200% of the granted PRSUs based on the achievement of the Criteria. If the Criteria are not achieved, the award will be forfeited. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date. |