William John Miller - Mar 21, 2022 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Signature
Kirk W. Mackey, Attorney-in-fact
Stock symbol
VECO
Transactions as of
Mar 21, 2022
Transactions value $
-$1,787,567
Form type
4
Date filed
3/23/2022, 04:23 PM
Previous filing
Mar 21, 2022
Next filing
May 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VECO Common Stock Options Exercise $0 +120K +26.19% $0.00 578K Mar 21, 2022 Direct F1
transaction VECO Common Stock Tax liability -$1.79M -61.3K -10.6% $29.18 517K 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 60,000 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 200% level, which was realized.
F2 Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.