Key facts
- This page summarizes Adrian Devasahayam's Form 4 filing for VEECO INSTRUMENTS INC (VECO).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 21 Mar 2022, 16:21.
Adrian Devasahayam - 17 Mar 2022 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)
- Reporting relationship
- SVP - Product Line Development
- Issuer ticker
- VECO
- Reported as of
- 17 Mar 2022
- Net transaction value
- -$36,333
- SEC form
- 4
- Accepted by SEC
- 21 Mar 2022, 16:21:14 UTC
- Prior SEC filing
- 16 Mar 2022
- Next SEC filing
- 23 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- Kirk W. Mackey, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Adrian Devasahayam filed Form 4 for VEECO INSTRUMENTS INC (VECO) on 21 Mar 2022.
Change
- Previous filing in this sequence was filed on 16 Mar 2022.
- Current net transaction value: -$36,333.
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.
VECO
transaction
Common Stock
Tax liability
- Transaction value
- $36,333
- Shares
- -1,262
- Change %
- -2.5%
- Price
- $28.79
- Shares after
- 49,158
- Date
- 17 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
VECO
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +8,750
- Change %
- +18%
- Price
- $0.000000
- Shares after
- 57,908
- Date
- 17 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VECO
transaction
Derivative
Restricted Stock Unit
Award
- Transaction value
- $0
- Shares
- +16,250
- Change %
- Price
- $0.000000
- Shares after
- 16,250
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 16,250
- Exercise price
- $0.000000
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
Footnote F2
These shares were acquired pursuant to a restricted stock award under the Veeco Instructions Inc. 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to one-third of such shares on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued service through such dates.
Footnote F3
On March 17, 2022, the reporting person was granted the contingent right to receive 16,250 performance-based restricted stock units ("PRSUs"). This contingent right is subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which is based on the Company's total shareholder return relative to other companies in the Russell 2000 as specified in the award agreement (the "Criteria"). Each PRSU represents the contingent right to receive one share of Veeco common stock. The award, if earned, could range from 50% to 200% of the granted PRSUs based on the achievement of the Criteria. If the Criteria are not achieved, the award will be forfeited. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date.