Key facts
- This page summarizes Brian Lorig's Form 4 filing for KLA CORP (KLAC).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 05 Aug 2024, 16:05.
Brian Lorig - 01 Aug 2024 Form 4 Insider Report for KLA CORP (KLAC)
- Reporting relationship
- Executive Vice President
- Issuer ticker
- KLAC
- Reported as of
- 01 Aug 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Aug 2024, 16:05:08 UTC
- Prior SEC filing
- 03 Jul 2024
- Next SEC filing
- 06 Aug 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jeffrey S. Cannon, as attorney-in-fact for Brian Lorig
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Brian Lorig filed Form 4 for KLA CORP (KLAC) on 05 Aug 2024.
Change
- Previous filing in this sequence was filed on 03 Jul 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
KLAC
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +2,422
- Change %
- +17%
- Price
- $0.000000
- Shares after
- 16,633
- Date
- 01 Aug 2024
- Ownership
- Direct
- Footnotes
- F1, F2
KLAC
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +3,844
- Change %
- +23%
- Price
- $0.000000
- Shares after
- 20,478
- Date
- 01 Aug 2024
- Ownership
- Direct
- Footnotes
- F3, F4
KLAC
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +2,198
- Change %
- +11%
- Price
- $0.000000
- Shares after
- 22,676
- Date
- 01 Aug 2024
- Ownership
- Direct
- Footnotes
- F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
On August 1, 2024, the Reporting Person received a grant of restricted stock units ("RSUs"). The RSUs vest 25% annually from the date of grant.
Footnote F2
The number of shares of KLA common stock includes 12,631.275 shares issuable upon vesting of RSUs.
Footnote F3
On August 5, 2021, in addition to the RSUs granted that were subject to only service-based vesting conditions, the reporting person was also granted RSUs with both performance-based and service-based vesting conditions ("PRSUs") for a target number of shares equal to 2,563.000 shares of KLA common stock. The maximum number of shares issuable under these PRSUs is 150% of the target shares if KLA's free cash flow relative to its peers was at the 75th percentile or greater for the three years in the period ended June 30, 2024. On August 1, 2024, KLA's Board of Directors and Compensation and Talent Committee determined that the performance conditions applicable to these PRSUs were satisfied at the maximum level. Fifty percent (50%) of the PRSUs will vest on August 5, 2024, and the remaining 50% of the PRSUs will vest on August 5, 2025, subject to continued service of the reporting person.
Footnote F4
The number of shares of KLA common stock includes 16,475.775 shares issuable upon vesting of RSUs.
Footnote F5
On August 4, 2022, in addition to the RSUs granted that were subject to only service-based vesting conditions, the reporting person was also 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 1,678.000 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 will vest on June 30, 2025, subject to continued service of the reporting person.
Footnote F6
The number of shares of KLA common stock includes 18,673.955 shares issuable upon vesting of RSUs.