Applied Materials (NASDAQ: AMAT) director receives 741 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APPLIED MATERIALS INC /DE director Thomas J. Iannotti received an equity award of 741 restricted stock units. The grant is an automatic annual award for non-employee directors under the company’s stock incentive plan. These units convert one-for-one into common shares upon vesting on March 1, 2027, contingent on continued board service. After the grant, he directly holds 51,309 shares, indicating this is a routine, compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Iannotti Thomas J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 741 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,309 shares (Direct)
Footnotes (1)
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FAQ
What did AMAT director Thomas J. Iannotti report on this Form 4?
He reported receiving 741 restricted stock units of Applied Materials common stock. The award is an automatic annual grant for non-employee directors under the company’s stock incentive plan and represents a compensation-related equity grant rather than an open-market purchase.
When do Thomas J. Iannotti’s 741 AMAT restricted stock units vest?
The 741 restricted stock units are scheduled to vest on March 1, 2027. Upon vesting, each unit converts into one share of Applied Materials common stock, provided he continues serving as a director through the vesting date under the plan’s terms.
What plan governs the 741 restricted stock units reported by AMAT’s director?
The award is made under the Applied Materials, Inc. Employee Stock Incentive Plan. The footnote states it is an automatic annual grant of restricted stock units to a non-employee board member, with one-for-one conversion into common shares upon vesting on March 1, 2027.