Adrian Devasahayam - Mar 21, 2022 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Role: SVP - Product Line Development
Signature: Kirk W. Mackey, attorney-in-fact
Stock symbol: VECO
Transactions as of: Mar 21, 2022
Transactions value $: -$94,689
Form type: 4
Date filed: 3/23/2022, 04:20 PM
Previous filing: Mar 21, 2022
Next filing: Jul 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VECO	Common Stock	Options Exercise	$0	+9K	+15.54%	$0.00	66.9K	Mar 21, 2022	Direct	F1
transaction	VECO	Common Stock	Tax liability	-$94.7K	-3.25K	-4.85%	$29.18	63.7K	Mar 21, 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 14, 2019, the reporting person was granted the contingent right to receive 6,000 performance-based restricted stock units ("PRSUs"). This contingent right was subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which was 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 represented 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. The common stock award reflected in this filing represents achievement at the 150% level, which was realized.
F2	Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.

Content

On March 14, 2019, the reporting person was granted the contingent right to receive 6,000 performance-based restricted stock units ("PRSUs"). This contingent right was subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which was 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 represented 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. The common stock award reflected in this filing represents achievement at the 150% level, which was realized.

Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.