Deane Timothy M sold AMAT
January 1, 2025 · Form 4 insider transaction
Deane Timothy M sold 2,188 shares of Applied Materials, Inc. at $162.63 per share, a transaction worth $355.8K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents number of shares that was automatically withheld upon vesting of restricted stock units to cover tax withholding obligations in a transaction exempt under Rule 16b-3.; Number of shares includes 78,533 performance share units and restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting, which vesting is scheduled to occur as follows: (a) 39,723 restricted stock units are scheduled to vest in installments in October of 2025 and 2026, January of 2026, and December of 2025 through 2027, and (b) 38,810 performance share units are scheduled to vest in installments in December of 2025 through 2027, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).