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
- Each restricted stock unit represents a contingent right to receive one share of Veeco common stock.
- 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.
- 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.