Applied Materials director granted 741 RSUs
Applied Materials director Xun Chen reported an automatic annual equity grant.
Rhea-AI Filing Summary
Applied Materials director Xun Chen reported an automatic annual equity grant. He received 741 restricted stock units as a non-employee director award under the company’s stock incentive plan. These units are scheduled to vest on March 1, 2027, assuming he continues serving on the board through that date.
Dr. Chen has elected to defer this and prior awards, so any units that vest will later convert one-for-one into Applied Materials common shares and be paid when he leaves the board. His reported holdings after this grant total 45,970 units and shares, including 29,130 previously vested deferred restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 741 | $0.00 | $0.00 |
Footnotes (2)
- 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 are scheduled to vest on March 1, 2027 (subject to continued service as a director through the vesting date). Pursuant to Dr. Chen'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.
- F2. Number of shares includes 29,130 restricted stock units previously reported that have vested and which, pursuant to Dr. Chen's election to defer, 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.
FAQ
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What insider transaction did AMAT director Xun Chen report?
When do Xun Chen’s new Applied Materials restricted stock units vest?
What is the deferral election mentioned in Xun Chen’s AMAT Form 4 filing?
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