Veeco (VECO) SVP exercises 8,267 RSUs, 3,667 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeco Instruments SVP Peter Porshnev reported RSU vesting and related tax withholding transactions, not open‑market trading. He exercised or converted restricted stock units into a total of 8,267 shares of common stock, and 3,667 shares were surrendered to cover tax obligations.
After these compensation-related transactions, he directly holds 178,953.306 shares of Veeco common stock. The footnotes explain that the restricted stock units were granted under the Veeco Instruments 2019 Stock Incentive Plan and vest in three equal annual installments, with shares delivered on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,267 shares exercised/converted
Mixed
9 txns
Insider
Porshnev Peter
Role
SVP, UNIFIED ENGINEERING
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,667 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | -- |
| Exercise | Common Stock | 2,667 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,146 | $30.95 | $35K |
| Exercise | Common Stock | 2,800 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,186 | $30.95 | $37K |
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | -- |
| Exercise | Common Stock | 2,800 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,335 | $31.46 | $42K |
Holdings After Transaction:
Restricted Stock Unit — 2,667 shares (Direct);
Common Stock — 178,485.306 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.
