Veeco SVP exercises 8,267 RSUs, withholds shares
Veeco Instruments SVP Peter Porshnev reported RSU vesting and related tax withholding transactions, not open‑market trading.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,667 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,667 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,146 | $30.95 | $35K |
| Exercise | Common Stock | 2,800 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,186 | $30.95 | $37K |
| Exercise | Restricted Stock Unit | 2,800 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,800 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,335 | $31.46 | $42K |
Footnotes (2)
- F1. 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.
- F2. Represents securities surrendered to Veeco to satisfy tax withholding due upon the vesting of restricted stock.
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