Veeco Instruments (VECO) director awarded 2,945 restricted shares in equity grant
Rhea-AI Filing Summary
JACKSON KEITH D reported acquisition or exercise transactions in this Form 4 filing.
Veeco Instruments director Keith D. Jackson received an equity award of 2,945 shares of restricted common stock. The shares were granted at no cash cost as consideration for his services as a director under the Veeco Instruments Inc. 2019 Stock Incentive Plan.
Following this grant, Jackson directly holds 86,154 shares of Veeco common stock. The restrictions on the awarded shares will lapse on the earlier of the date immediately preceding Veeco’s 2027 Annual Meeting of stockholders or the first anniversary of the award date.
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Insights
Routine director equity grant modestly increases Veeco board member’s holdings.
Director Keith D. Jackson was granted 2,945 shares of restricted common stock for his board service, with no cash paid per share. This is a standard equity-based compensation practice under the 2019 Stock Incentive Plan.
The award raises his direct holdings to 86,154 shares, indicating ongoing alignment with shareholders through equity ownership. The restrictions will lapse either just before the 2027 Annual Meeting or on the first anniversary of the award, creating a clear near-term vesting horizon tied to his continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,945 | $0.00 | $0.00 |
Footnotes (1)
- 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.
Key Figures
Key Terms
restricted stock financial
2019 Stock Incentive Plan financial
Annual Meeting of stockholders financial
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