Applied Materials (AMAT) SVP sells 8,621 shares and makes stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Applied Materials senior vice president Timothy M. Deane reported both an open-market sale and a share gift. He sold 8,621 shares of common stock at an average price of $590.7649 per share and made a bona fide gift of 1,545 shares. After these transactions, he directly holds 133,086 shares. His holdings include 65,058 performance share units and restricted stock units that may convert one-for-one into common stock between October 2026 and 2028, subject to continued employment and performance conditions, with actual performance share vesting ranging from 0% to 200% of the target amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,621 shares ($5,092,984)
Net Sell
2 txns
Insider
Deane Timothy M
Role
SVP, Applied Global Services
Sold
8,621 shs ($5.09M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,621 | $590.7649 | $5.09M |
| Gift | Common Stock | 1,545 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 134,631 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 8,621 shares
Sale price: $590.7649 per share
Shares gifted: 1,545 shares
+3 more
6 metrics
Shares sold
8,621 shares
Open-market sale of common stock
Sale price
$590.7649 per share
Average price for 8,621 shares sold
Shares gifted
1,545 shares
Bona fide gift of common stock
Direct holdings after transactions
133,086 shares
Common stock directly owned post-sale and gift
PSUs and RSUs held
65,058 units
Performance and restricted stock units that may convert one-for-one
Performance share vesting range
0%–200% of target
Actual shares vesting depend on performance goals
Key Terms
bona fide gift, Employees' Stock Purchase Plan, performance share units, restricted stock units, +2 more
6 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Employees' Stock Purchase Plan financial
"reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt"
restricted stock units financial
"28,867 restricted stock units are scheduled to vest in installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16a-3 regulatory
"acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3"
Rule 16b-3 regulatory
"acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider transactions did AMAT executive Timothy M. Deane report?
Timothy M. Deane reported two transactions: an open-market sale of 8,621 Applied Materials shares at $590.7649 each and a bona fide gift of 1,545 shares. These moves adjust his direct ownership while reflecting both a sale and a non-market transfer.
Did the AMAT executive make any gifts of stock in this filing?
Yes. Timothy M. Deane reported a bona fide gift of 1,545 shares of Applied Materials common stock. Gifts are non-market transfers with no sale proceeds, so they do not directly indicate views on the company’s share price or valuation.
What are Timothy M. Deane’s Applied Materials holdings after these transactions?
Following the reported sale and gift, Timothy M. Deane directly holds 133,086 shares of Applied Materials common stock. This direct position reflects his remaining equity stake excluding additional potential shares from unvested performance and restricted stock units.
When will the AMAT executive’s performance and restricted stock units vest?
28,867 restricted stock units are scheduled to vest in installments in October 2026 and December 2026 through 2028. An additional 36,191 performance share units are scheduled to vest in installments from December 2026 through 2028, contingent on performance and continued employment.