Prabu G. Raja - Dec 16, 2022 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Signature
/s/ To-Anh Nguyen, Attorney-in-Fact
Stock symbol
AMAT
Transactions as of
Dec 16, 2022
Transactions value $
-$3,999,247
Form type
4
Date filed
12/21/2022, 04:51 PM
Previous filing
Dec 14, 2022
Next filing
Dec 11, 2023

Transactions Table

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.