Richard P. Wallace - 01 Aug 2023 Form 4 Insider Report for KLA CORP (KLAC)

Signature
/s/ Jeffrey S. Cannon, as attorney-in-fact for Richard P. Wallace
Issuer symbol
KLAC
Transactions as of
01 Aug 2023
Net transactions value
-$8,998,707
Form type
4
Filing time
03 Aug 2023, 16:05:19 UTC
Previous filing
23 Jun 2023
Next filing
07 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Other $21,250 +66 +0.05% $320.07 136,267 30 Jun 2023 Direct F1, F2, F3
transaction KLAC Common Stock Tax liability $7,379,918 -14,350 -11% $514.28 121,917 01 Aug 2023 Direct F4, F5
transaction KLAC Common Stock Tax liability $1,640,039 -3,189 -2.6% $514.28 118,728 01 Aug 2023 Direct F6, F7
holding KLAC Common Stock 9,182 01 Aug 2023 By Trust F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Purchased under the registrant's employee stock purchase plan.
F2 Represents 85% of the closing price of the registrant's stock on the employee stock purchase plan on January 3, 2023.
F3 The number of shares of KLA common stock includes 107,694 shares issuable upon vesting of restricted stock units ("RSUs").
F4 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.
F5 The number of shares of KLA common stock includes 78,751 shares issuable upon vesting of RSUs.
F6 On August 1, 2019, the Reporting Person was granted RSUs for 25,726 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.
F7 The number of shares of KLA common stock includes 72,320 shares issuable upon vesting of RSUs.
F8 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.