Applied Materials (NASDAQ: AMAT) grants director 279 RSUs
Rhea-AI Filing Summary
APPLIED MATERIALS INC /DE (AMAT) reported that non-employee director Akash J. Palkhiwala received an automatic initial grant of 279 restricted stock units of common stock under the Applied Materials, Inc. Employee Stock Incentive Plan on August 27, 2026. These RSUs are scheduled to vest on March 1, 2027, subject to his continued service as a director through that date. Pursuant to his deferral election, any vested units will be converted on a one-for-one basis into shares of Applied common stock and delivered to him upon his termination of service from the Applied Board. Following this grant, he is reported as holding 279 shares/units directly in this award line.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 279 shares
Net Buy
1 txn
Insider
Palkhiwala Akash J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 279 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 279 shares (Direct)
Footnotes (1)
- F1. Represents automatic initial grant of restricted stock units to a non-employee director upon appointment to the Board of Directors pursuant to the Applied Materials, Inc. ("Applied") Employee Stock Incentive Plan. These restricted stock units are scheduled to vest on March 1, 2027 (subject to continued service as a director through the vesting date). Pursuant to Mr. Palkhiwala's election to defer, any units that vest from this grant will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board.
Key Figures
Restricted stock units granted: 279 shares
Transaction price per share: $0.00
Total shares following transaction: 279 shares
+1 more
4 metrics
Restricted stock units granted
279 shares
Automatic initial grant to non-employee director on August 27, 2026
Transaction price per share
$0.00
Equity award, not a market purchase
Total shares following transaction
279 shares
Reported direct holdings in this award line after the grant
RSU vesting date
March 1, 2027
Vesting subject to continued service as a director
Key Terms
restricted stock units, Employee Stock Incentive Plan, one-for-one basis, termination of service
4 terms
restricted stock units financial
"Represents automatic initial grant of restricted stock units to a non-employee director"
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.
Employee Stock Incentive Plan financial
"upon appointment to the Board of Directors pursuant to the Applied Materials, Inc. ("Applied") Employee Stock Incentive Plan"
one-for-one basis financial
"any units that vest from this grant will be converted on a one-for-one basis"
termination of service financial
"paid to him on the date of his termination of service from the Applied Board"
FAQ
What did AMAT director Akash J. Palkhiwala report on this Form 4?
He reported an automatic initial grant of 279 restricted stock units of Applied Materials common stock as a non-employee director, granted on August 27, 2026 under the Employee Stock Incentive Plan.
When do Akash J. Palkhiwala’s AMAT restricted stock units vest?
The filing states that the 279 restricted stock units are scheduled to vest on March 1, 2027, provided he continues to serve as a director through that vesting date.
How and when will the vested AMAT RSUs be paid to Akash J. Palkhiwala?
According to the filing, any units that vest from this grant will be converted one-for-one into shares of Applied common stock and paid on the date of his termination of service from the Applied Materials Board.
What is Akash J. Palkhiwala’s reported AMAT holdings after this transaction?
The Form 4 line for this grant reports 279 shares/units as the total shares following the transaction, held directly in connection with this award.
AI-generated analysis. How Rhea-AI works. Not financial advice.