Veeco SVP Exercises RSUs, Increases Share Holdings
Veeco Instruments SVP Adrian Devasahayam reported routine equity compensation activity involving restricted stock units and common stock.
Rhea-AI Filing Summary
Veeco Instruments SVP Adrian Devasahayam reported routine equity compensation activity involving restricted stock units and common stock. He exercised or converted RSUs into a total of 8,267 shares of Veeco common stock, with 3,153 shares of common stock surrendered back to Veeco to cover tax withholding obligations at prices around $30–31 per share, as noted in the footnotes.
These transactions did not involve any open-market buying or selling. Following the vesting and related tax-withholding dispositions, Devasahayam directly holds 115,383 shares of Veeco common stock, reflecting an overall increase in his direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 2,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,667 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 983 | $30.95 | $30K |
| Exercise | Common Stock | 2,800 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,010 | $30.95 | $31K |
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,800 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,160 | $31.46 | $36K |
Footnotes (2)
- F1. These restricted 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.
- F2. Represents securities surrendered to Veeco to satisfy tax withholding due upon the vesting of restricted stock.
FAQ
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What insider transactions did Veeco Instruments (VECO) SVP Adrian Devasahayam report?
Were there any open-market buys or sells in this Veeco (VECO) Form 4?
What plan governed the RSUs in Adrian Devasahayam’s Veeco (VECO) filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.