AMAT (AMAT) CAO reports 125-share tax withholding, holds 4,548 units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APPLIED MATERIALS INC /DE officer reports tax-related share withholding. Corp. Controller & CAO Adam Sanders had 125 shares of common stock withheld at $353.80 per share to cover tax obligations upon vesting of restricted stock units in a transaction exempt under Rule 16b-3.
After this withholding, Sanders reports 4,548 shares, including 4,134 restricted stock units that are scheduled to vest in installments from July 2026 through January 2030, subject to continued employment at each vesting date. This filing reflects compensation and tax mechanics rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sanders Adam
Role
Corp. Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 125 | $353.80 | $44K |
Holdings After Transaction:
Common Stock — 4,548 shares (Direct)
Footnotes (1)
- Represents number of shares that were automatically withheld upon vesting of restricted stock units to cover tax withholding obligations in a transaction exempt under Rule 16b-3. Increased number of shares reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3 and Rule 16b-3. Number of shares includes 4,134 restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting, which vesting is scheduled to occur in installments in July of 2026 through January of 2030 (all vesting is subject to continued employment through each applicable vesting date).
Key Figures
Tax-withheld shares: 125 shares
Price per share: $353.80 per share
Shares reported after transaction: 4,548 shares
+2 more
5 metrics
Tax-withheld shares
125 shares
Common stock withheld to cover taxes on RSU vesting
Price per share
$353.80 per share
Valuation used for 125 withheld shares
Shares reported after transaction
4,548 shares
Holdings after tax-withholding disposition
Restricted stock units included
4,134 units
RSUs converting one-for-one into AMAT common stock upon vesting
RSU vesting window
July 2026 to January 2030
Scheduled vesting period, subject to continued employment
Key Terms
restricted stock units, Rule 16b-3, Employees' Stock Purchase Plan, Rule 16a-3
4 terms
restricted stock units financial
"Represents number of shares that were automatically withheld upon vesting of restricted stock units"
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 16b-3 regulatory
"to cover tax withholding obligations in a transaction 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.
Employees' Stock Purchase Plan financial
"reflects periodic payroll acquisitions under Employees' Stock Purchase Plan"
Rule 16a-3 regulatory
"acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3 and Rule 16b-3"
FAQ
What insider transaction did AMAT officer Adam Sanders report on this Form 4?
Adam Sanders reported 125 AMAT shares withheld to cover tax obligations. The shares were automatically withheld upon vesting of restricted stock units in a transaction exempt under Rule 16b-3, rather than sold in the open market.
What do the AMAT Form 4 footnotes say about the restricted stock units?
The footnotes explain that Sanders’ reported holdings include 4,134 restricted stock units. These units will convert one-for-one into AMAT common stock upon vesting, scheduled in installments from July 2026 through January 2030, contingent on continued employment.
Are there any remaining derivative or option positions disclosed for Adam Sanders in this filing?
The filing’s derivative summary is empty, indicating no derivative transactions reported. The key equity exposure is through AMAT common stock and 4,134 restricted stock units scheduled to vest over time, as described in the footnotes to the Form 4.