Veeco (NASDAQ: VECO) SVP amends Form 4 to correct 32,000 RSU grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Devasahayam Adrian reported acquisition or exercise transactions in this Form 4 filing.
VEECO INSTRUMENTS INC senior vice president Adrian Devasahayam filed an amended Form 4 to correct how a prior restricted stock unit grant was reported. The amendment moves the grant to the derivative table, updates total common shares beneficially owned, and revises the total unvested RSUs.
The filing shows 32,000 restricted stock units tied to Veeco common stock, awarded under the Veeco Instruments 2019 Stock Incentive Plan. Each unit represents a contingent right to receive one share. These RSUs vest in three equal installments on each of the first, second, and third anniversaries of the grant date.
Following the corrections, Devasahayam is reported as directly holding 100,522.208 shares of common stock and 40,267 unvested restricted stock units, reflecting the updated ownership totals in the amended report.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,000 shares exercised/converted
Mixed
2 txns
Insider
Devasahayam Adrian
Role
SVP - PRODUCT LINE DEVELOPMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 32,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 40,267 shares (Direct, null);
Common Stock — 100,522.208 shares (Direct, null)
Footnotes (1)
- Reflects an amendment being filed on a voluntary basis to amend the Form 4 filed by the Reporting Person on March 12, 2026. The amendment reflects (1) reporting of the applicable grant in Table II instead of Table I, (2) a corresponding revision to the total amount of securities beneficially owned in Table I and (3) a corresponding revision to the total amount of unvested restricted stock units in Table II. Each restricted stock unit represents a contingent right to receive one share of Veeco common stock. These restricted stock units (RSUs) were acquired pursuant to an award under the Veeco Instruments 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to 1/3 of such RSUs on each of the first, second and third anniversaries of the date of grant. Vested shares of Veeco common stock will be delivered to the reporting person on the vesting date.
Key Figures
RSUs granted: 32,000 units
Common shares owned: 100,522.208 shares
Unvested RSUs: 40,267 units
+1 more
4 metrics
RSUs granted
32,000 units
Restricted stock units tied to Veeco common stock
Common shares owned
100,522.208 shares
Total common stock beneficially owned after amendment
Unvested RSUs
40,267 units
Total unvested restricted stock units after amendment
RSU vesting pattern
1/3 per year
Vests on first, second, and third anniversaries of grant date
Key Terms
Restricted Stock Unit, Veeco Instruments 2019 Stock Incentive Plan, beneficially owned, unvested restricted stock units, +1 more
5 terms
Restricted Stock Unit financial
"These restricted stock units (RSUs) were acquired pursuant to an award"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Veeco Instruments 2019 Stock Incentive Plan financial
"acquired pursuant to an award under the Veeco Instruments 2019 Stock Incentive Plan"
beneficially owned financial
"a corresponding revision to the total amount of securities beneficially owned in Table I"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
unvested restricted stock units financial
"a corresponding revision to the total amount of unvested restricted stock units in Table II"
anniversaries of the date of grant financial
"will lapse with respect to 1/3 of such RSUs on each of the first, second and third anniversaries of the date of grant"
FAQ
What does the Veeco (VECO) Form 4/A filed by Adrian Devasahayam report?
The Form 4/A reports an amendment to a prior insider filing by SVP Adrian Devasahayam. It corrects how a restricted stock unit grant is shown, updates common stock beneficial ownership, and revises the total number of unvested RSUs reported in the ownership tables.
How many restricted stock units are involved in Adrian Devasahayam’s Veeco (VECO) filing?
The filing involves 32,000 restricted stock units linked to Veeco common stock. Each RSU represents a contingent right to receive one share, granted under the Veeco Instruments 2019 Stock Incentive Plan and subject to vesting and other restrictions described in the award terms.
What is the vesting schedule for Adrian Devasahayam’s Veeco (VECO) restricted stock units?
The RSUs vest in three equal tranches over three years. Restrictions lapse with respect to one-third of the restricted stock units on each of the first, second, and third anniversaries of the grant date, with vested Veeco common shares delivered on each vesting date.
Why was Adrian Devasahayam’s Veeco (VECO) Form 4 amended on a voluntary basis?
The amendment was filed voluntarily to fix three technical points in the earlier Form 4. It relocates the RSU grant to the derivative table, adjusts the total common shares beneficially owned, and revises the total unvested restricted stock units reported for accuracy.