Veeco (NASDAQ: VECO) director awarded 2,945 restricted shares as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAMORE RICHARD A reported acquisition or exercise transactions in this Form 4 filing.
Veeco Instruments Inc. director Richard A. Damore received a grant of 2,945 shares of common stock as restricted stock under the Veeco Instruments Inc. 2019 Stock Incentive Plan in consideration for his board service. Following this award, he directly holds 156,295 shares of common stock.
The restrictions on these 2,945 shares will lapse on the earlier of the date immediately preceding the company’s 2027 Annual Meeting of stockholders or the first anniversary of the award date, meaning the grant functions as time-based equity compensation tied to continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAMORE RICHARD A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,945 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 156,295 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 2,945 shares
Holdings after transaction: 156,295 shares
Transaction code: A (Grant, award, or other acquisition)
+1 more
4 metrics
Restricted stock grant
2,945 shares
Common stock award to director on 2026-05-08
Holdings after transaction
156,295 shares
Director’s direct ownership following the grant
Transaction code
A (Grant, award, or other acquisition)
Non-derivative common stock transaction
Award price per share
$0.0000
Indicates no purchase price for the restricted stock grant
Key Terms
restricted stock, 2019 Stock Incentive Plan, Annual Meeting of stockholders
3 terms
restricted stock financial
"These shares were awarded as restricted stock pursuant to the Veeco Instruments Inc. 2019 Stock Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2019 Stock Incentive Plan financial
"pursuant to the Veeco Instruments Inc. 2019 Stock Incentive Plan in consideration of services as a director"
Annual Meeting of stockholders regulatory
"shall lapse on the earlier to occur of: (i) the date immediately preceding the date of the Company's 2027 Annual Meeting of stockholders"
FAQ
What did Veeco (VECO) director Richard Damore report in this Form 4?
Richard A. Damore reported receiving 2,945 shares of Veeco common stock as a restricted stock award. The grant was made under the 2019 Stock Incentive Plan as compensation for board service and increased his direct holdings to 156,295 shares after the transaction.
Is the Veeco (VECO) restricted stock award to Richard Damore an open-market purchase?
No, the 2,945 Veeco shares reported are a grant, not an open-market purchase. They were awarded at no stated purchase price as restricted stock under the 2019 Stock Incentive Plan, representing equity-based compensation for Damore’s role as a director.
Under which plan was Richard Damore’s Veeco (VECO) restricted stock granted?
The 2,945 restricted shares were granted under the Veeco Instruments Inc. 2019 Stock Incentive Plan. This plan provides equity-based compensation, and in this case the award was granted specifically in consideration of Damore’s services as a director of the company.