[Form 4] VEECO INSTRUMENTS INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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
11,899 shares exercised/converted
Mixed
10 txns
Insider
KIERNAN JOHN P
Role
SVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,083 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 4,666 | $0.00 | -- |
| Exercise | Common Stock | 4,083 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,999 | $30.95 | $62K |
| Exercise | Common Stock | 4,666 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,289 | $30.95 | $71K |
| Exercise | Restricted Stock Unit | 3,150 | $0.00 | -- |
| Exercise | Common Stock | 3,150 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,714 | $31.46 | $54K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 4,083 shares (Direct);
Common Stock — 48,019 shares (Direct);
Common Stock — 82,680 shares (Indirect, By Family Trust)
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.
FAQ
What insider transactions did Veeco (VECO) CFO John Kiernan report?
John Kiernan reported exercising restricted stock units into 11,899 common shares and having 6,002 shares withheld to pay taxes. These actions reflect equity compensation vesting and related tax settlement, not open-market buying or selling of Veeco stock.
What is the size of the Veeco (VECO) RSU vesting reported in this Form 4?
The Form 4 shows RSU exercises totaling 11,899 underlying Veeco common shares. These restricted stock units were granted under the Veeco Instruments 2019 Stock Incentive Plan and vest in three equal annual installments, with vested shares delivered on each vesting anniversary date.
How are the Veeco (VECO) CFO’s RSUs structured under the 2019 Stock Incentive Plan?
The reported RSUs were granted with a three-year vesting schedule. One-third of the award vests on each of the first, second, and third anniversaries of the grant date, and vested Veeco common shares are delivered to the reporting person on each respective vesting date.
What does transaction code F mean in the Veeco (VECO) CFO Form 4?
Transaction code F indicates shares surrendered to Veeco to pay tax withholding on equity awards. In this Form 4, 6,002 Veeco common shares were delivered back to the company at prices around $31 purely to satisfy tax liabilities on vesting restricted stock units.