READ CHARLES sold AMAT
January 1, 2024 · Form 4 insider transaction
READ CHARLES sold 1,913 shares of Applied Materials, Inc. at $162.07 per share, a transaction worth $310.0K. 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 14,165 restricted stock units ("RSUs) 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) 3,885 RSUs are scheduled to vest in annual installments in October of 2024 and 2025, (b) 3,014 RSUs are scheduled to vest in annual installments in January of 2025 and 2026, and (c) 7,266 RSUs are scheduled to vest in quarterly installments in April of 2024 through January of 2028 (all vesting is subject to continued employment through each applicable vesting date).