Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AMAT | Common Stock | Gift | $0 | -98 | -0.02% | $0.00 | 514K | Dec 16, 2022 | Direct | F1, F2 |
transaction | AMAT | Common Stock | Tax liability | -$4M | -38.5K | -7.48% | $103.99 | 475K | Dec 19, 2022 | Direct | F1, F2, F3 |
Id | Content |
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F1 | Number of shares includes 149,606 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) 46,856 restricted stock units are scheduled to vest in installments in December of 2023 through 2025, (b) 68,981 performance share units are scheduled to vest in installments in December of 2023 through 2025, 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, and (continued below) |
F2 | (c) 33,769 performance share units are scheduled to vest in October of 2025, 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; notwithstanding the foregoing, if Dr. Raja's employment is terminated without cause prior to the end of the performance period, any unvested portion of the award will vest based on achievement of specified performance goals through his last day of employment (all vesting is subject to continued employment through each applicable vesting date). |
F3 | Represents number of shares that were automatically withheld upon vesting of equity awards to cover tax withholding obligations in a transaction exempt under Rule 16b-3. |