Veeco (NASDAQ: VECO) CFO amends insider filing to clarify 42,500 RSU award
Rhea-AI Filing Summary
KIERNAN JOHN P reported acquisition or exercise transactions in this Form 4 filing.
Veeco Instruments senior vice president and chief financial officer John P. Kiernan filed an amended insider report to correct how a prior equity award was shown. The amendment clarifies that 42,500 restricted stock units were reported as a derivative award, each representing one share of Veeco common stock.
The RSUs were granted under the Veeco Instruments 2019 Stock Incentive Plan and vest in three equal annual installments, with vested shares delivered on each vesting date. The filing also updates the totals for common stock and unvested RSUs beneficially owned, including 103,802 common shares held indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
42,500 shares exercised/converted
Exercise
2 txns
Insider
KIERNAN JOHN P
Role
SVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 42,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 55,918 shares (Direct);
Common Stock — 103,802 shares (Indirect, By Family Trust)
Footnotes (3)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Veeco common stock.
- F3. 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 exercised/reported: 42,500 units
Common shares via family trust: 103,802 shares
RSUs after transaction: 55,918 units
3 metrics
RSUs exercised/reported
42,500 units
Restricted stock units tied to Veeco common stock
Common shares via family trust
103,802 shares
Indirect ownership of Veeco common stock
RSUs after transaction
55,918 units
Total restricted stock units beneficially owned after amendment
Key Terms
restricted stock unit, Veeco Instruments 2019 Stock Incentive Plan, unvested restricted stock units, beneficially owned
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Veeco common stock."
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
"These restricted stock units (RSUs) were acquired pursuant to an award under the Veeco Instruments 2019 Stock Incentive Plan"
unvested restricted stock units financial
"a corresponding revision to the total amount of unvested restricted stock units in Table II."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Veeco (VECO) disclose in John Kiernan’s amended Form 4?
The amended filing corrects how a prior equity award was reported, moving 42,500 restricted stock units into the derivative table and updating total common shares and unvested RSUs beneficially owned, including indirect holdings through a family trust.
How many restricted stock units are involved in the VECO Form 4/A for John Kiernan?
The filing shows 42,500 restricted stock units tied 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 time-based vesting conditions.
How do the Veeco (VECO) RSUs granted to John Kiernan vest?
The restricted stock units vest in three equal installments. One-third of the 42,500 RSUs vests on each of the first, second, and third anniversaries of the grant date, with vested Veeco common shares delivered on each respective vesting date.
Under which plan were John Kiernan’s Veeco (VECO) restricted stock units granted?
The RSUs were granted under the Veeco Instruments 2019 Stock Incentive Plan. This plan provides equity-based awards such as restricted stock units, which in this case convert into Veeco common shares as vesting restrictions lapse over a three-year schedule.