Brian Lorig - Aug 1, 2023 Form 4 Insider Report for KLA CORP (KLAC)

Signature
/s/ Jeffrey S. Cannon, as attorney-in-fact for Brian Lorig
Stock symbol
KLAC
Transactions as of
Aug 1, 2023
Transactions value $
-$1,421,470
Form type
4
Date filed
8/3/2023, 04:05 PM
Previous filing
Jul 7, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Tax liability -$1.07M -2.07K -8.92% $514.28 21.2K Aug 1, 2023 Direct F1, F2
transaction KLAC Common Stock Tax liability -$355K -691 -3.27% $514.28 20.5K Aug 1, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person vested the remaining 50% of the performance-based RSUs, upon his completion of four years of service (August 1, 2023) following the award on August 1, 2019. The Compensation Committee of KLA's Board of Directors determined the level at which the underlying performance goals were attained (August 4, 2022). 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 1, 2023.
F2 The number of shares of KLA common stock includes 14,947 shares issuable upon vesting of restricted stock units ("RSUs").
F3 On August 1, 2019, the Reporting Person was granted RSUs for 5,574 shares of KLA common stock. On August 1, 2023, 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 1, 2023.
F4 The number of shares of KLA common stock includes 13,554 shares issuable upon vesting of RSUs.