Veeco (VECO) CTO reports 32,000 RSU grant and updated holdings
Rhea-AI Filing Summary
Porshnev Peter reported acquisition or exercise transactions in this Form 4 filing.
Veeco Instruments Chief Technology Officer Peter Porshnev filed an amended insider report to correct how a prior equity grant was shown. The amendment reports an award of 32,000 restricted stock units (RSUs), each representing one share of Veeco common stock, granted under the Veeco Instruments 2019 Stock Incentive Plan. These RSUs vest in three equal annual installments, with one-third vesting on each of the first, second and third anniversaries of the grant date, and shares delivered upon vesting. After the corrections, he is shown as directly holding 163,059.306 shares of common stock and 40,267 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,000 shares exercised/converted
Exercise
2 txns
Insider
Porshnev Peter
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 32,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 40,267 shares (Direct);
Common Stock — 163,059.306 shares (Direct)
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
RSU grant size: 32,000 RSUs
Exercise price of RSUs: $0.00 per unit
Common shares after transaction: 163,059.306 shares
+2 more
5 metrics
RSU grant size
32,000 RSUs
Restricted stock units acquired under Veeco Instruments 2019 Stock Incentive Plan
Exercise price of RSUs
$0.00 per unit
Conversion or exercise price for 32,000 restricted stock units
Common shares after transaction
163,059.306 shares
Total Veeco common stock directly beneficially owned after amendment
Unvested RSUs after transaction
40,267 RSUs
Total unvested restricted stock units outstanding after amendment
Derivative exercise count
1 transaction
One derivative exercise/conversion transaction (code M) reported
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 under the Veeco Instruments 2019 Stock Incentive Plan"
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"
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"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Veeco common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Veeco (VECO) report for CTO Peter Porshnev?
Veeco reported an amended insider filing for CTO Peter Porshnev. It corrects a prior Form 4 to show a 32,000 restricted stock unit award in the derivative table and updates his common stock and unvested RSU totals accordingly.
How many restricted stock units did the Veeco (VECO) CTO receive?
The Veeco CTO received 32,000 restricted stock units. Each RSU represents a contingent right to one share of Veeco common stock, granted under the Veeco Instruments 2019 Stock Incentive Plan and subject to time-based vesting conditions.
How do the Veeco (VECO) RSUs for the CTO vest over time?
The CTO’s RSUs vest in three equal annual installments. One-third of the 32,000 restricted stock units vests on each of the first, second and third anniversaries of the grant date, with common shares delivered when each tranche vests.
What are the Veeco (VECO) CTO’s holdings after this amended Form 4?
After the amendment, the CTO is reported holding 163,059.306 shares of Veeco common stock directly. He also has 40,267 unvested restricted stock units outstanding, reflecting updated totals in both the common stock and derivative sections.
Why was this Veeco (VECO) Form 4/A filed as an amendment?
The Form 4/A was filed voluntarily to correct the earlier Form 4. It moves the RSU grant into the derivative table, revises the total common stock beneficially owned, and updates the total unvested restricted stock units to reflect the proper classification.