[Form 4] VEECO INSTRUMENTS INC Insider Trading Activity
Veeco Instruments’ SVP & Chief Financial Officer John P. Kiernan reported routine equity compensation activity.
Rhea-AI Filing Summary
Veeco Instruments’ SVP & Chief Financial Officer John P. Kiernan reported routine equity compensation activity. He exercised restricted stock units into a total of 11,899 shares of common stock at a conversion price of $0.00 per share and had 6,002 shares withheld at prices around $31 per share to cover tax obligations, which were delivered back to Veeco rather than sold on the market.
After these transactions, he holds 48,397 shares of common stock directly and 82,680 shares indirectly through a family trust. The RSUs were granted under the Veeco Instruments 2019 Stock Incentive Plan and vest in three equal annual installments, with vested shares delivered on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,083 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 4,666 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,083 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,999 | $30.95 | $62K |
| Exercise | Common Stock | 4,666 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,289 | $30.95 | $71K |
| Exercise | Restricted Stock Unit | 3,150 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,150 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,714 | $31.46 | $54K |
| holding | Common Stock | -- | -- | -- |
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.
FAQ
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What insider transactions did Veeco (VECO) CFO John Kiernan report?
What is the size of the Veeco (VECO) RSU vesting reported in this Form 4?
How are the Veeco (VECO) CFO’s RSUs structured under the 2019 Stock Incentive Plan?
What does transaction code F mean in the Veeco (VECO) CFO Form 4?
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