STOCK TITAN

[Form 4] KLA Corporation Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Insider vesting and grant activity at KLA (KLAC) is reported for Richard P. Wallace. Performance-based restricted stock units (PRSUs) granted in 2022 reached their performance targets: one PRSU tranche had a target of 24,146 shares and was certified at a maximum payout of 150%, with 50% of those PRSUs vesting immediately and the remaining 50% scheduled to vest one year later, subject to continued service. A second PRSU tranche with a target of 6,291 shares was certified at 147% of target and will vest on the scheduled future vesting date, subject to continued service. Fifty percent of vested PRSU shares were withheld to satisfy tax withholding using a closing price of $888.28 per share. The reporting person also received a new RSU grant that vests 25% annually. These actions convert performance awards into common stock and adjust the reporting person's beneficial ownership as shown on the form.

Le attività di vesting e le assegnazioni insider in KLA (KLAC) sono state segnalate per Richard P. Wallace. Le unità azionarie vincolate basate sulle performance (PRSUs) assegnate nel 2022 hanno raggiunto gli obiettivi di performance: una tranche di PRSU con obiettivo di 24,146 azioni è stata certificata con pagamento massimo del 150%, con il 50% di quelle PRSU che è venuto a scadenza immediatamente e il restante 50% previsto per il vesting un anno dopo, soggetto a servizio continuativo. Una seconda tranche di PRSU con obiettivo di 6,291 azioni è stata certificata al 147% dell'obiettivo e maturerà nella data prevista, soggetta a servizio continuativo. Il 50% delle azioni PRSU maturate è stato trattenuto per il pagamento delle imposte utilizzando un prezzo di chiusura di $888.28 per azione. La persona segnalante ha inoltre ricevuto una nuova assegnazione di RSU che matura al 25% all'anno. Queste operazioni trasformano i premi legati alla performance in azioni ordinarie e modificano la partecipazione beneficiaria della persona segnalante come indicato nel modulo.

Se informa la actividad de vesting y las concesiones de insider en KLA (KLAC) para Richard P. Wallace. Las unidades restringidas basadas en rendimiento (PRSUs) otorgadas en 2022 alcanzaron sus objetivos: una tranche de PRSU con objetivo de 24,146 acciones fue certificada con pago máximo del 150%, con el 50% de esas PRSU que se consolidaron inmediatamente y el 50% restante programado para consolidarse un año después, sujeto a la continuidad del servicio. Una segunda tranche de PRSU con objetivo de 6,291 acciones fue certificada al 147% del objetivo y consolidará en la fecha prevista, sujeta a continuidad de servicio. Se retuvo el 50% de las acciones PRSU consolidadas para cubrir la retención fiscal utilizando un precio de cierre de $888.28 por acción. La persona informante también recibió una nueva concesión de RSU que se consolida a razón del 25% anual. Estas acciones convierten premios por rendimiento en acciones ordinarias y ajustan la propiedad beneficiaria de la persona informante según figura en el formulario.

KLA(KLAC)의 내부자 베스팅 및 부여 활동이 Richard P. Wallace에 대해 보고되었습니다. 2022년에 부여된 성과 기반 제한주식단위(PRSUs)는 성과 목표를 달성했습니다: 목표 24,146주의 한 PRSU 트랜치는 최대 지급률 150%로 인증되었으며, 해당 PRSU의 50%는 즉시 베스트되었고 나머지 50%는 계속 근무를 조건으로 1년 후에 베스팅될 예정입니다. 목표 6,291주의 두 번째 PRSU 트랜치는 목표의 147%로 인증되어 예정된 베스팅일에(계속 근무 조건) 베스트됩니다. 베스트된 PRSU 주식의 50%는 세금 원천징수를 충당하기 위해 종가 $888.28를 기준으로 원천징수되었습니다. 보고자는 또한 연간 25%씩 베스팅되는 새로운 RSU 부여를 받았습니다. 이러한 조치들은 성과 보상을 보통주로 전환하고, 서류에 기재된 대로 보고자의 실소유 지분을 조정합니다.

Les opérations de vesting et les attributions d'initiés chez KLA (KLAC) ont été déclarées pour Richard P. Wallace. Les unités d'actions restreintes liées à la performance (PRSUs) attribuées en 2022 ont atteint leurs objectifs : une tranche de PRSU avec un objectif de 24,146 actions a été certifiée pour un paiement maximum de 150%, 50% de ces PRSUs ont été acquises immédiatement et les 50% restants doivent être acquis un an plus tard, sous réserve de la poursuite du service. Une seconde tranche de PRSU avec un objectif de 6,291 actions a été certifiée à 147% de l'objectif et sera acquise à la date prévue, sous réserve de la poursuite du service. Cinquante pour cent des actions PRSU acquises ont été retenues pour couvrir la retenue à la source sur impôt en utilisant un cours de clôture de $888.28 par action. La personne déclarante a également reçu une nouvelle attribution de RSU dont 25% sont acquis chaque année. Ces opérations convertissent les primes de performance en actions ordinaires et ajustent la participation bénéficiaire de la personne déclarante comme indiqué sur le formulaire.

Insider-Vesting- und Zuteilungsaktivitäten bei KLA (KLAC) wurden für Richard P. Wallace gemeldet. Leistungsabhängige Restricted Stock Units (PRSUs), die 2022 gewährt wurden, haben ihre Leistungsziele erreicht: Eine PRSU-Tranche mit einem Ziel von 24,146 Aktien wurde mit maximaler Auszahlung von 150% zertifiziert; 50% dieser PRSUs sind sofort vestinggetreten, die verbleibenden 50% sollen ein Jahr später unter der Bedingung fortgesetzter Dienstzeit vesten. Eine zweite PRSU-Tranche mit einem Ziel von 6,291 Aktien wurde mit 147% des Ziels zertifiziert und wird am vorgesehenen Vesting-Termin vesten, vorbehaltlich fortgesetzter Dienstzeit. Fünfzig Prozent der vested PRSU-Aktien wurden zur Erfüllung der Steuerabzüge einbehalten, basierend auf einem Schlusskurs von $888.28 je Aktie. Die meldende Person erhielt außerdem eine neue RSU-Zuteilung, die jährlich zu 25% vestet. Diese Maßnahmen wandeln Leistungsprämien in Stammaktien um und passen das wirtschaftliche Eigentum der meldenden Person wie im Formular ausgewiesen an.

Positive
  • Performance PRSUs achieved above-target payouts (one tranche at 150% of target, another at 147% of target), enabling vesting per grant terms
  • Immediate conversion of performance awards to shares for 50% of the certified PRSUs, increasing executive alignment with shareholders
  • New RSU grant with 25% annual vesting adds ongoing deferred equity compensation consistent with company plans
Negative
  • None.

Insights

TL;DR: PRSU performance thresholds were met at strong levels (150% and 147%), triggering immediate and scheduled vesting that increases insider-held common stock.

The filing documents that PRSUs tied to free cash flow relative to peers and to the sum of non-GAAP EPS over multi-year periods met their performance conditions at elevated levels (one at 150% of target, another at 147% of target). As a result, a portion of those PRSUs vested per the grant terms and shares were issued, with shares withheld to cover taxes at a stated withholding price of $888.28 per share. Additionally, a separate RSU grant vests on a 25% annual schedule. This is a realizable equity compensation event explicitly documented in the filing.

TL;DR: Board and Compensation Committee certified PRSU performance outcomes and processed vesting and withholding consistent with grant terms.

The disclosure shows governance processes in effect: the Board and Compensation and Talent Committee determined that specified performance conditions were satisfied at the documented payout levels, triggering vesting according to the grants' service and performance conditions. The form also documents automatic withholding of shares for tax obligations and the issuance schedule for remaining tranches. The activity reflects routine execution of approved equity compensation plans rather than a change in governance policy.

Le attività di vesting e le assegnazioni insider in KLA (KLAC) sono state segnalate per Richard P. Wallace. Le unità azionarie vincolate basate sulle performance (PRSUs) assegnate nel 2022 hanno raggiunto gli obiettivi di performance: una tranche di PRSU con obiettivo di 24,146 azioni è stata certificata con pagamento massimo del 150%, con il 50% di quelle PRSU che è venuto a scadenza immediatamente e il restante 50% previsto per il vesting un anno dopo, soggetto a servizio continuativo. Una seconda tranche di PRSU con obiettivo di 6,291 azioni è stata certificata al 147% dell'obiettivo e maturerà nella data prevista, soggetta a servizio continuativo. Il 50% delle azioni PRSU maturate è stato trattenuto per il pagamento delle imposte utilizzando un prezzo di chiusura di $888.28 per azione. La persona segnalante ha inoltre ricevuto una nuova assegnazione di RSU che matura al 25% all'anno. Queste operazioni trasformano i premi legati alla performance in azioni ordinarie e modificano la partecipazione beneficiaria della persona segnalante come indicato nel modulo.

Se informa la actividad de vesting y las concesiones de insider en KLA (KLAC) para Richard P. Wallace. Las unidades restringidas basadas en rendimiento (PRSUs) otorgadas en 2022 alcanzaron sus objetivos: una tranche de PRSU con objetivo de 24,146 acciones fue certificada con pago máximo del 150%, con el 50% de esas PRSU que se consolidaron inmediatamente y el 50% restante programado para consolidarse un año después, sujeto a la continuidad del servicio. Una segunda tranche de PRSU con objetivo de 6,291 acciones fue certificada al 147% del objetivo y consolidará en la fecha prevista, sujeta a continuidad de servicio. Se retuvo el 50% de las acciones PRSU consolidadas para cubrir la retención fiscal utilizando un precio de cierre de $888.28 por acción. La persona informante también recibió una nueva concesión de RSU que se consolida a razón del 25% anual. Estas acciones convierten premios por rendimiento en acciones ordinarias y ajustan la propiedad beneficiaria de la persona informante según figura en el formulario.

KLA(KLAC)의 내부자 베스팅 및 부여 활동이 Richard P. Wallace에 대해 보고되었습니다. 2022년에 부여된 성과 기반 제한주식단위(PRSUs)는 성과 목표를 달성했습니다: 목표 24,146주의 한 PRSU 트랜치는 최대 지급률 150%로 인증되었으며, 해당 PRSU의 50%는 즉시 베스트되었고 나머지 50%는 계속 근무를 조건으로 1년 후에 베스팅될 예정입니다. 목표 6,291주의 두 번째 PRSU 트랜치는 목표의 147%로 인증되어 예정된 베스팅일에(계속 근무 조건) 베스트됩니다. 베스트된 PRSU 주식의 50%는 세금 원천징수를 충당하기 위해 종가 $888.28를 기준으로 원천징수되었습니다. 보고자는 또한 연간 25%씩 베스팅되는 새로운 RSU 부여를 받았습니다. 이러한 조치들은 성과 보상을 보통주로 전환하고, 서류에 기재된 대로 보고자의 실소유 지분을 조정합니다.

Les opérations de vesting et les attributions d'initiés chez KLA (KLAC) ont été déclarées pour Richard P. Wallace. Les unités d'actions restreintes liées à la performance (PRSUs) attribuées en 2022 ont atteint leurs objectifs : une tranche de PRSU avec un objectif de 24,146 actions a été certifiée pour un paiement maximum de 150%, 50% de ces PRSUs ont été acquises immédiatement et les 50% restants doivent être acquis un an plus tard, sous réserve de la poursuite du service. Une seconde tranche de PRSU avec un objectif de 6,291 actions a été certifiée à 147% de l'objectif et sera acquise à la date prévue, sous réserve de la poursuite du service. Cinquante pour cent des actions PRSU acquises ont été retenues pour couvrir la retenue à la source sur impôt en utilisant un cours de clôture de $888.28 par action. La personne déclarante a également reçu une nouvelle attribution de RSU dont 25% sont acquis chaque année. Ces opérations convertissent les primes de performance en actions ordinaires et ajustent la participation bénéficiaire de la personne déclarante comme indiqué sur le formulaire.

Insider-Vesting- und Zuteilungsaktivitäten bei KLA (KLAC) wurden für Richard P. Wallace gemeldet. Leistungsabhängige Restricted Stock Units (PRSUs), die 2022 gewährt wurden, haben ihre Leistungsziele erreicht: Eine PRSU-Tranche mit einem Ziel von 24,146 Aktien wurde mit maximaler Auszahlung von 150% zertifiziert; 50% dieser PRSUs sind sofort vestinggetreten, die verbleibenden 50% sollen ein Jahr später unter der Bedingung fortgesetzter Dienstzeit vesten. Eine zweite PRSU-Tranche mit einem Ziel von 6,291 Aktien wurde mit 147% des Ziels zertifiziert und wird am vorgesehenen Vesting-Termin vesten, vorbehaltlich fortgesetzter Dienstzeit. Fünfzig Prozent der vested PRSU-Aktien wurden zur Erfüllung der Steuerabzüge einbehalten, basierend auf einem Schlusskurs von $888.28 je Aktie. Die meldende Person erhielt außerdem eine neue RSU-Zuteilung, die jährlich zu 25% vestet. Diese Maßnahmen wandeln Leistungsprämien in Stammaktien um und passen das wirtschaftliche Eigentum der meldenden Person wie im Formular ausgewiesen an.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WALLACE RICHARD P

(Last) (First) (Middle)
ONE TECHNOLOGY DRIVE

(Street)
MILPITAS CA 95035

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
KLA CORP [ KLAC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/07/2025 A 36,219(1) A $0 93,055.042(2) D
Common Stock 08/07/2025 F 8,978.691(3) D $888.28 84,076.351(4) D
Common Stock 08/07/2025 A 9,247.77(5) A $0 93,324.121(6) D
Common Stock 08/07/2025 A 10,294.887(7) A $0 103,619.008(8) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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 equal to 24,146.000 shares of KLA common stock. The maximum number of shares issuable under these PRSUs is 150% of the target shares if KLA's free cash flow relative to its peers was at the 75th percentile or greater for the three years in the period ended June 30, 2025. 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 at the maximum level. Fifty percent (50%) of the PRSUs will vest today, August 7, 2025, and the remaining fifty percent (50%) of the PRSUs will vest on August 4, 2026, subject to continued service of the Reporting Person.
2. The number of shares of KLA common stock includes 56,078.011 shares issuable upon vesting of restricted stock units ("RSUs").
3. On August 7, 2025, fifty percent (50%) of the performance-based restricted stock units granted on August 4, 2022 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 6, 2025.
4. The number of shares of KLA common stock includes 37,968.511 shares issuable upon vesting of RSUs.
5. 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") divided into three tranches. The second tranche was for a target number of shares equal to 6,291.000 shares of KLA common stock. The maximum number of shares issuable under the second tranche of these PRSUs is 250% of the target shares if the sum of KLA's non-GAAP earnings per diluted share for fiscal years 2023, 2024 and 2025 equaled or exceeded $93.00. On August 7, 2025, KLA's Board of Directors and Compensation and Talent Committee determined that the performance conditions applicable to the second tranche of these PRSUs were satisfied at 147% of target shares. The second tranche of these PRSUs will vest on June 30, 2026, subject to continue service of the Reporting Person.
6. The number of shares of KLA common stock includes 47,216.281 shares issuable upon vesting of RSUs.
7. On August 7, 2025, the Reporting Person received a grant of restricted stock units ("RSUs"). The RSUs vest 25% annually from the date of grant.
8. The number of shares of KLA common stock includes 57,511.168 shares issuable upon vesting of RSUs.
/s/ Jeffrey S. Cannon, as attorney-in-fact for Richard P. Wallace 08/08/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What PRSU performance outcomes are disclosed for KLAC insider Richard P. Wallace?

The filing states one PRSU tranche with a target of 24,146 shares was certified at 150% of target, and a second tranche with a target of 6,291 shares was certified at 147% of target.

How much of the certified PRSUs vested immediately for the reporting person?

The filing reports that 50% of the PRSUs that met performance conditions vested immediately, with the remaining 50% scheduled to vest one year later, subject to continued service.

Were any shares withheld to cover taxes and at what price for KLAC?

Yes, shares were automatically withheld to cover required tax withholding; the fair market value used for withholding was the closing price of KLA common stock of $888.28 as reported on the applicable date.

Did the reporting person receive any new equity awards?

Yes, the reporting person received a grant of restricted stock units (RSUs) that vest 25% annually from the date of grant.

Do these disclosures change the reporting person's beneficial ownership?

The form shows updated beneficial ownership figures reflecting the issued and withheld shares; the filing lists the resulting beneficial ownership totals following the reported transactions.
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Semiconductor Equipment & Materials
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MILPITAS