Veeco director sells shares, receives stock award
Veeco Instruments director Gordon Hunter reported both a sale and an equity award of common stock.
Rhea-AI Filing Summary
Veeco Instruments director Gordon Hunter reported both a sale and an equity award of common stock. He sold 7,746 shares of Veeco Instruments common stock in an open-market transaction at a weighted average price of $58.76 per share, leaving him with 82,208 shares immediately after this sale. On the same date, he received an award of 2,945 shares of restricted stock at no cash cost under the Veeco Instruments Inc. 2019 Stock Incentive Plan as consideration for his services as a director. These restricted shares are subject to vesting conditions that lapse on the earlier of the date immediately preceding the company’s 2027 annual stockholders’ meeting or the first anniversary of the award date, resulting in total direct holdings of 89,954 shares after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,945 | $0.00 | $0.00 |
| Sale | Common Stock | 7,746 | $58.76 | $455K |
Footnotes (2)
- F1. These shares were awarded as restricted stock pursuant to the Veeco Instruments Inc. 2019 Stock Incentive Plan in consideration of services as a director. These shares are subject to certain restrictions which shall lapse on the earlier to occur of: (i) the date immediately preceding the date of the Company's 2027 Annual Meeting of stockholders and (ii) the first anniversary of the award date.
- F2. Reflects average weighted purchase price. Actual purchase prices ranged from $58.53 to $58.86 per share. The reporting person undertakes to provide, upon the request of the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares purchased at each separate price.
Key Figures
Key Terms
restricted stock financial
2019 Stock Incentive Plan financial
weighted average purchase price financial
open-market sale financial
grant, award, or other acquisition financial
FAQ
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What insider transactions did Veeco Instruments (VECO) director Gordon Hunter report?
What stock award did Gordon Hunter receive from Veeco Instruments (VECO)?
What are the vesting terms of Gordon Hunter’s Veeco Instruments (VECO) restricted stock?
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