December 31, 2023 · Form 4 insider transaction
CHEN XUN bought 175 shares of Applied Materials, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 3 days after the transaction.
Represents number of restricted stock units automatically acquired based on a value of $162.07 per share, the closing price of Applied Materials, Inc. ("Applied") common stock on December 29, 2023, in a transaction exempt under Rule 16b-3(d). This automatic acquisition resulted from dividends accrued on vested restricted stock units that, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors.; Number of shares includes: (a) 23,769 restricted stock units previously reported that have vested and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors and (b) 2,050 restricted stock units previously reported that are scheduled to vest in March 2024 (subject to continued service as a director through the vesting date) and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board of Directors.