KLA CORP (KLAC) CFO has 29,557 shares withheld for taxes
Rhea-AI Filing Summary
KLA CORP EVP & Chief Financial Officer Bren D. Higgins reported two tax-withholding dispositions of common stock tied to equity awards that vested on August 4, 2026. To cover related taxes on RSUs and PRSUs granted in 2022, 29,557.118 shares were automatically withheld at $182.75 per share. The vesting covered 25% of a 2022 RSU grant and the remaining 50% of related performance-based RSUs.
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Insights
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Insider Trade Summary
Net Seller: 29,557.118 shares
Net Sell
2 txns
Insider
Higgins Bren D.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 7,387.42 | $182.75 | $1.35M |
| Tax Withholding | Common Stock F3, F4 | 22,169.698 | $182.75 | $4.05M |
Holdings After Transaction:
Common Stock — 222,187.3659 shares (Direct)
Footnotes (4)
- F1. On August 4, 2022, the Reporting Person was granted restricted stock units ("RSUs") of shares of KLA common stock. On August 4, 2026, twenty-five percent (25%) of the RSUs vested. Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 3, 2026.
- F2. The number of shares of KLA common stock includes 113,978.760 shares issuable upon vesting of RSUs.
- F3. On August 4, 2022, in addition to the RSUs granted that were subject to only service-based vesting conditions, the Reporting Person was also granted RSUs with both performance-based and service-based vesting conditions ("PRSUs") for a target number of shares of KLA common stock. On August 7, 2025, KLA's Board of Directors and Compensation and Talent Committee determined that the performance conditions applicable to these PRSUs were satisfied. The remaining fifty percent (50%) of the PRSUs vested on August 4, 2026. Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 3, 2026.
- F4. The number of shares of KLA common stock includes 69,263.760 shares issuable upon vesting of RSUs.
Key Figures
Tax-withheld shares (RSUs): 7,387.420 shares
Tax-withheld shares (PRSUs): 22,169.698 shares
Total tax-withheld shares: 29,557.118 shares
+5 more
8 metrics
Tax-withheld shares (RSUs)
7,387.420 shares
Shares of common stock withheld on August 4, 2026 to cover tax on vested RSUs
Tax-withheld shares (PRSUs)
22,169.698 shares
Shares of common stock withheld on August 4, 2026 to cover tax on vested PRSUs
Total tax-withheld shares
29,557.118 shares
Aggregate shares delivered or withheld to satisfy tax liabilities across both transactions
Reference share price
$182.7500 per share
Closing price on August 3, 2026 used to calculate the number of shares withheld
RSU vesting portion
25%
Portion of an August 4, 2022 RSU grant that vested on August 4, 2026
PRSUs vesting portion
50%
Remaining portion of performance-based RSUs that vested on August 4, 2026
RSU shares issuable (F2)
113,978.760 shares
Shares of KLA common stock issuable upon vesting of RSUs referenced in footnote F2
RSU shares issuable (F4)
69,263.760 shares
Shares of KLA common stock issuable upon vesting of RSUs referenced in footnote F4
Key Terms
restricted stock units ("RSUs"), PRSUs, performance-based and service-based vesting conditions, fair market value, +1 more
5 terms
restricted stock units ("RSUs") financial
"the Reporting Person was granted restricted stock units ("RSUs") of shares of KLA common stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
PRSUs financial
"granted RSUs with both performance-based and service-based vesting conditions ("PRSUs")"
A PRSU is a type of employee equity award that turns into actual company shares only if preset performance goals are met over a specified time. Think of it like a prize that only pays out when a team hits agreed targets; investors watch PRSUs because they tie management pay to results, can increase the number of shares outstanding when paid, and therefore affect shareholder value and incentives.
performance-based and service-based vesting conditions financial
"granted RSUs with both performance-based and service-based vesting conditions ("PRSUs")"
fair market value financial
"The fair market value of KLA common stock used for purposes of calculating the number of shares"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
tax withholding financial
"shares of KLA common stock were automatically withheld at vesting to cover required tax withholding"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did KLA CORP (KLAC) report for Bren D. Higgins?
KLA CORP reported that EVP & CFO Bren D. Higgins had 29,557.118 shares of common stock automatically withheld on August 4, 2026. These dispositions covered tax obligations arising from the vesting of previously granted RSUs and PRSUs awarded in 2022.
What portions of KLA CORP (KLAC) equity awards vested for the CFO on August 4, 2026?
On August 4, 2026, 25% of a 2022 RSU grant vested, and the remaining 50% of related performance-based RSUs (PRSUs) also vested. Shares from both awards triggered automatic withholding to cover required tax obligations.