Filing Details

Accession Number:
0001415889-24-008283
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-18 16:40:16
Reporting Period:
2024-03-14
Accepted Time:
2024-03-18 16:40:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
103145 Veeco Instruments Inc VECO Special Industry Machinery, Nec (3559) 112989601
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1811702 Adrian Devasahayam C/O Veeco Instruments Inc.
1 Terminal Drive
Plainview NY 11803
Svp - Product Line Development No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-03-14 5,000 $34.10 67,278 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Unit Acquisiton 2024-03-14 8,000 $0.00 8,000 $0.00
Common Stock Performance Based Restricted Stock Unit Acquisiton 2024-03-14 24,000 $0.00 24,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,000 No 4 A Direct
24,000 No 4 A Direct
Footnotes
  1. Each restricted stock unit represents a contingent right to receive one share of Veeco common stock.
  2. These restricted stock 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.
  3. On March 14, 2024, the reporting person was granted the contingent right to receive 24,000 performance-based restricted stock units ("PRSUs"). This contingent right is subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which is based on the Company's total shareholder return relative to other companies in the Russell 2000 as specified in the award agreement (the "Criteria"). Each PRSU represents the contingent right to receive one share of Veeco common stock. The award, if earned, could range from 50% to 200% of the granted PRSUs based on the achievement of the Criteria. If the Criteria are not achieved, the award will be forfeited. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date.