Board member at Applied Materials (NASDAQ: AMAT) gets 741 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APPLIED MATERIALS INC /DE director Alexander Karsner reported an automatic equity award. He received 741 restricted stock units as a non-employee Board member under the company’s Employee Stock Incentive Plan. These units carry no purchase price.
The restricted stock units will convert on a one-for-one basis into Applied Materials common stock when they vest. Vesting is scheduled for March 1, 2027, contingent on his continued service as a director through that date. Following this award, Karsner directly holds 16,849 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Karsner Alexander
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 741 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,849 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did AMAT director Alexander Karsner report?
Alexander Karsner reported receiving 741 restricted stock units in Applied Materials as an automatic annual grant for non-employee directors. The units were awarded at no cost under the company’s Employee Stock Incentive Plan and will later convert into common stock upon vesting.
When do Alexander Karsner’s new AMAT restricted stock units vest?
The 741 restricted stock units granted to Alexander Karsner are scheduled to vest on March 1, 2027. Vesting depends on his continued service as a member of Applied Materials’ Board of Directors through that date, after which each unit converts into one share of common stock.
What type of equity award did AMAT grant to director Alexander Karsner?
Applied Materials granted Alexander Karsner restricted stock units, often called RSUs, rather than stock options or cash. Each of the 741 RSUs will convert into one share of common stock once they vest, assuming he continues serving on the Board through March 1, 2027.
Is Alexander Karsner’s AMAT stock award part of a compensation plan?
Yes. The 741 restricted stock units granted to Alexander Karsner are described as an automatic annual award to non-employee directors under Applied Materials’ Employee Stock Incentive Plan, indicating this equity grant forms part of his standard Board compensation structure at the company.