Veeco Instruments (VECO) SVP exercises RSUs and surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
8,267 shares exercised/converted
Mixed
9 txns
Insider
Devasahayam Adrian
Role
SVP - PRODUCT LINE DEVELOPMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,667 | $0.00 | -- |
| Exercise | Common Stock | 2,667 | $0.00 | -- |
| Tax Withholding | Common Stock | 983 | $30.95 | $30K |
| Exercise | Common Stock | 2,800 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,010 | $30.95 | $31K |
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | -- |
| Exercise | Common Stock | 2,800 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,160 | $31.46 | $36K |
Holdings After Transaction:
Restricted Stock Unit — 5,600 shares (Direct);
Common Stock — 114,576.208 shares (Direct)
Footnotes (1)
- 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. Represents securities surrendered to Veeco to satisfy tax withholding due upon the vesting of restricted stock.
FAQ
What insider transactions did Veeco Instruments (VECO) SVP Adrian Devasahayam report?
Adrian Devasahayam reported RSU vesting and related tax-withholding transactions. He exercised or converted restricted stock units into Veeco common shares, then surrendered a portion of the resulting shares back to the company to satisfy tax obligations tied to the vesting.
Were there any open-market buys or sells in this Veeco (VECO) Form 4?
No open-market purchases or sales are reported in this Form 4. The transactions consist of RSU exercises or conversions (code M) and tax-withholding dispositions (code F), which are compensation and tax events rather than discretionary market trades.
What plan governed the RSUs in Adrian Devasahayam’s Veeco (VECO) filing?
The RSUs were granted under the Veeco Instruments 2019 Stock Incentive Plan. Footnotes explain these units vest in thirds on each of the first three anniversaries of the grant date, with vested common shares delivered to the reporting person.