Applied Materials (NASDAQ: AMAT) grants 741 RSUs to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Applied Materials director Rani Borkar reported receiving an equity award of 741 restricted stock units on common stock as a non-employee Board member. The grant was made under the company’s Employee Stock Incentive Plan and carries no cash exercise price.
The restricted stock units convert into an equal number of Applied Materials common shares upon vesting, which is scheduled for March 1, 2027, subject to her continued service as a director through that date. After this grant, she holds 741 shares directly and 9,199 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Borkar Rani
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 741 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 741 shares (Direct);
Common Stock — 9,199 shares (Indirect, By Family Trust)
Footnotes (1)
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FAQ
What insider transaction did Rani Borkar report at Applied Materials (AMAT)?
Director Rani Borkar reported receiving an award of 741 restricted stock units in Applied Materials common stock. The grant is part of her compensation as a non-employee board member under the company’s Employee Stock Incentive Plan, with no cash purchase involved.
When do Rani Borkar’s Applied Materials restricted stock units vest?
The 741 restricted stock units are scheduled to vest on March 1, 2027, if she continues serving as a director through that date. Upon vesting, each unit will convert into one share of Applied Materials common stock, increasing her directly held share count.
Is Rani Borkar’s Form 4 transaction in AMAT stock a market purchase or sale?
The Form 4 reports a grant of 741 restricted stock units, not a market purchase or sale. It is an automatic annual equity award to a non-employee director under the Employee Stock Incentive Plan, with shares delivered only upon future vesting.
What plan governs Rani Borkar’s restricted stock unit grant at Applied Materials?
The 741-share restricted stock unit award was granted under the Applied Materials, Inc. Employee Stock Incentive Plan. This plan provides automatic annual equity grants to non-employee board members, with units converting into common shares when vesting conditions are satisfied.