Virendra A. Kirloskar - Aug 2, 2022 Form 4 Insider Report for KLA CORP (KLAC)

Role
SVP & Chief Accounting Officer
Signature
/s/ Jeffrey Cannon, attorney-in-fact for Virendra A. Kirloskar
Stock symbol
KLAC
Transactions as of
Aug 2, 2022
Transactions value $
-$596,659
Form type
4
Date filed
8/4/2022, 04:06 PM
Previous filing
Aug 3, 2022
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Sale -$161K -420 -6.92% $383.71 5.65K Aug 2, 2022 Direct F1, F2
transaction KLAC Common Stock Tax liability -$305K -796 -14.09% $382.69 4.86K Aug 2, 2022 Direct F3, F4
transaction KLAC Common Stock Tax liability -$131K -342 -7.04% $382.69 4.51K Aug 2, 2022 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to the terms of a Rule 10b5-1 trading plan adopted by the Reporting Person on February 25, 2022.
F2 The number of shares of KLA common stock includes 5,354 shares issuable upon vesting of RSUs.
F3 The Reporting Person vested the remaining 50% of the performance-based restricted stock units ("RSUs"), upon his completion of four years of service (August 2, 2022) following the award on August 2, 2018. The Compensation Committee of KLA's Board of Directors determined the level at which the underlying performance goals were attained (August 5, 2021). The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 2, 2022.
F4 The number of shares of KLA common stock includes 3,506 shares issuable upon vesting of RSUs.
F5 On August 2, 2018, the Reporting Person was granted RSUs for 2,759 shares of KLA common stock. On August 2, 2022, the remaining 25% of the RSUs vested. Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes of calculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 2, 2022.
F6 The number of shares of KLA common stock includes 2,817 shares issuable upon vesting of RSUs.