Veeco (NASDAQ: VECO) SVP receives 32,000-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeco Instruments Inc. senior vice president Adrian Devasahayam acquired 32,000 shares of common stock through a restricted stock award under the Veeco Instruments Inc. 2019 Stock Incentive Plan. The award is subject to restrictions that lapse as one-third of the shares vest on each of the first, second and third anniversaries of the grant date, contingent on his continued service. Following this award, he directly holds 110,269.208 shares of Veeco common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Devasahayam Adrian
Role
SVP - PRODUCT LINE DEVELOPMENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 32,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 110,269.208 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Veeco (VECO) report for Adrian Devasahayam?
Veeco reported that SVP Adrian Devasahayam acquired 32,000 shares of common stock through a restricted stock award. The grant is part of his equity compensation and increases his direct holdings to 110,269.208 Veeco shares, aligning his interests with shareholders over time.
What are the vesting terms of Adrian Devasahayam’s Veeco (VECO) restricted stock award?
The 32,000-share restricted stock award vests in three equal installments. One-third of the shares is scheduled to vest on each of the first, second and third anniversaries of the grant date, assuming Adrian Devasahayam continues his service with Veeco through those dates.
Under which plan was the Veeco (VECO) restricted stock granted to the SVP?
The restricted stock awarded to Adrian Devasahayam was granted under the Veeco Instruments Inc. 2019 Stock Incentive Plan. This plan governs equity-based compensation, including restricted stock awards that typically vest over time to support long-term retention of key executives.
Does the Veeco (VECO) Form 4 involve an open-market purchase or sale?
The Form 4 does not show an open-market trade; it reports an acquisition via restricted stock award. The 32,000 shares were granted as compensation at no purchase price, subject to vesting restrictions rather than being bought or sold in the market.