Applied Materials (NASDAQ: AMAT) director awarded 741 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Applied Materials director Kevin P. March received an automatic equity award as part of his board compensation. He was granted 741 restricted stock units of Applied Materials common stock, with no cash paid per share. These units convert one-for-one into common shares when they vest.
The award is scheduled to vest on March 1, 2027, subject to his continued service as a director through that date. Following this grant, he holds 2,324 shares directly, and 4,356 shares are reported as held indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MARCH KEVIN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 741 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,324 shares (Direct);
Common Stock — 4,356 shares (Indirect, By Family Trust)
Footnotes (1)
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FAQ
What did Kevin P. March report in his Form 4 for AMAT?
Kevin P. March, a director of Applied Materials, reported receiving 741 restricted stock units as an automatic annual equity grant. These units are part of his board compensation and will convert into common stock upon vesting, rather than being an open-market purchase.
When do Kevin P. March’s restricted stock units in AMAT vest?
The restricted stock units are scheduled to vest on March 1, 2027. Vesting is subject to Kevin P. March’s continued service as a non-employee member of the Board of Directors through that vesting date, according to the equity plan terms.
Is Kevin P. March’s AMAT Form 4 transaction a market purchase or sale?
The filing reports a grant of 741 restricted stock units, not a market purchase or sale. It is an automatic annual equity award under Applied Materials’ Employee Stock Incentive Plan, granted at zero price per share as part of director compensation.
What plan governs Kevin P. March’s restricted stock unit grant at AMAT?
The grant is made under the Applied Materials, Inc. Employee Stock Incentive Plan. As a non-employee director, Kevin P. March receives an automatic annual restricted stock unit award pursuant to this plan, with units converting into common stock upon vesting.