John P. Kiernan - Mar 17, 2022 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Role
SVP & CFO
Signature
Kirk W. Mackey, Attorney-in-fact
Stock symbol
VECO
Transactions as of
Mar 17, 2022
Transactions value $
-$20,067
Form type
4
Date filed
3/21/2022, 04:22 PM
Previous filing
Mar 16, 2022
Next filing
Mar 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VECO Common Stock Tax liability -$20.1K -697 -1.11% $28.79 61.9K Mar 17, 2022 Direct F1
transaction VECO Common Stock Award $0 +14K +22.62% $0.00 75.9K Mar 17, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VECO Restricted Stock Unit Award $0 +26K $0.00 26K Mar 17, 2022 Common Stock 26K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
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.
F3 On March 17, 2022, the reporting person was granted the contingent right to receive 26,000 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.