June 30, 2025 · Form 4 insider transaction
WALLACE RICHARD P sold 4,086 shares of KLA Corporation at $889.87 per share, a transaction worth $3.64M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
On August 4, 2022, the reporting person was granted RSUs with both performance-based and service-based vesting conditions ("PRSUs") divided into three tranches. The first tranche was for a target number of shares equal to 6,291.000 shares of KLA common stock. The maximum number of shares issuable under the first tranche of these PRSUs is 250% of the target shares if the sum of KLA's non-GAAP earnings per diluted share for fiscal year 2023 and fiscal year 2024 equaled or exceeded $56.62. On August 1, 2024, KLA's Board of Directors and Compensation and Talent Committee determined that the performance conditions applicable to the first tranche of these PRSUs were satisfied at 131% of target shares. The first tranche of these PRSUs (8,241.210) vested on June 30, 2025, and were subject to the continued service of the reporting person.; Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld to cover required tax withholding on the 8.241.210 shares of KLA common stock that vested. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on June 30, 2025.; The number of shares of KLA common stock includes 54,252.511 shares issuable upon vesting of RSUs.