Applied Materials (NASDAQ: AMAT) director receives 741 restricted stock units
Rhea-AI Filing Summary
Applied Materials director Aart de Geus received an equity award in the form of restricted stock units. On March 12, he was granted 741 shares of Applied Materials common stock as a stock award at no purchase price. According to the footnote, these restricted stock units convert on a one-for-one basis into common shares when they vest, with vesting scheduled for March 1, 2027, contingent on his continued service on the Board. Following this award, his directly held common stock position is reported at 111,783 shares.
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Insider Trade Summary
Net Buyer: 741 shares
Net Buy
1 txn
Insider
DE GEUS AART
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 741 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 111,783 shares (Direct)
Footnotes (1)
- F1. Represents automatic annual grant of restricted stock units to a non-employee member of the Board of Directors pursuant to the Applied Materials, Inc. ("Applied") Employee Stock Incentive Plan. These restricted stock units will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur on March 1, 2027 (subject to continued service as a director through the vesting date).
FAQ
What insider transaction did AMAT director Aart de Geus report?
Aart de Geus reported an acquisition of 741 restricted stock units of Applied Materials common stock. The award was granted at no purchase price as part of director equity compensation, increasing his directly held position to 111,783 common shares after the transaction.
When do Aart de Geus’s new AMAT restricted stock units vest?
The 741 restricted stock units are scheduled to vest on March 1, 2027. Vesting is conditioned on his continued service as a non-employee member of Applied Materials’ Board of Directors through that vesting date, at which time they convert into common shares.
What type of AMAT security did Aart de Geus receive in this filing?
He received restricted stock units tied to Applied Materials common stock. The Form 4 notes an award of 741 units that will convert into an equal number of common shares upon vesting, aligning his compensation with shareholder value over the vesting period.
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