Richard P. Wallace - Aug 4, 2022 Form 4 Insider Report for KLA CORP (KLAC)

Role
President and CEO
Signature
/s/ Jeffrey Cannon, attorney-in-fact for Richard P. Wallace
Stock symbol
KLAC
Transactions as of
Aug 4, 2022
Transactions value $
-$5,702,690
Form type
4
Date filed
8/8/2022, 04:05 PM
Previous filing
Aug 4, 2022
Next filing
Aug 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Award $0 +16.1K +7.63% $0.00 227K Aug 4, 2022 Direct F1, F2
transaction KLAC Common Stock Award $0 +57.9K +25.51% $0.00 285K Aug 4, 2022 Direct F3, F4
transaction KLAC Common Stock Tax liability -$5.7M -14.4K -5.04% $397.40 270K Aug 4, 2022 Direct F4, F5
holding KLAC Common Stock 9.18K Aug 4, 2022 By Trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 4, 2022, the Reporting Person received a grant of restricted stock units ("RSUs"). The RSUs vest 25% annually from the date of grant.
F2 The number of shares of KLA common stock includes 129,104 shares issuable upon vesting of RSUs.
F3 On August 1, 2019, in addition to the RSUs granted on that date that were subject only to service-vesting requirements (which RSUs were previously reported on a Form 4), the Reporting Person was also granted RSUs covering up to a maximum of 57,885 shares (based on 150% of the target shares of 38,590) of KLA common stock, subject to both performance-vesting and service-vesting requirements. On August 4, 2022, the Compensation and Talent Committee of KLA's Board of Directors determined the level at which the corporate performance goals were attained and, based on the assessment, determined that the number of shares subject to the RSUs is 57,885.
F4 The number of shares of KLA common stock includes 158,047 shares issuable upon vesting of RSUs.
F5 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 4, 2022.
F6 Shares held under the Wallace Living Trust u/a/d 03/27/01, as amended, a trust of which the Reporting Person is a trustee and beneficiary.