Veeco (VECO) CFO receives 42,500 restricted shares with 3-year vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeco Instruments Inc. senior vice president and chief financial officer John P. Kiernan acquired 42,500 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 in three equal installments on the first, second and third anniversaries of the grant date, contingent on his continued service. The filing also reports an indirect holding of 82,680 common shares by a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KIERNAN JOHN P
Role
SVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 42,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,500 shares (Direct);
Common Stock — 82,680 shares (Indirect, By Family Trust)
Footnotes (1)
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FAQ
What insider transaction did Veeco (VECO) report for its CFO?
Veeco reported that CFO John P. Kiernan acquired 42,500 common shares via a restricted stock award. The grant was made under the 2019 Stock Incentive Plan and represents equity-based compensation rather than an open-market purchase or sale.
Is the Veeco (VECO) CFO’s new equity award subject to restrictions?
Yes. The 42,500-share restricted stock award is subject to restrictions that lapse over three years. One-third of the shares becomes unrestricted on each anniversary of the grant date, assuming the executive remains in service with the company.
Under which plan was the Veeco (VECO) CFO’s restricted stock granted?
The restricted stock was granted under the Veeco Instruments Inc. 2019 Stock Incentive Plan. This plan is used to provide equity-based compensation, aligning executives’ interests with shareholders through stock-based awards subject to vesting conditions.
Did the Veeco (VECO) Form 4 show any open-market buys or sells by the CFO?
No open-market purchases or sales are indicated in this Form 4. The reported activity is a restricted stock award acquisition and a separate entry showing indirect holdings by a family trust, rather than discretionary market trading.