Brian Lorig - Aug 3, 2023 Form 4 Insider Report for KLA CORP (KLAC)

Role
Executive Vice President
Signature
/s/ Jeffrey S. Cannon, as attorney-in-fact for Brian Lorig
Stock symbol
KLAC
Transactions as of
Aug 3, 2023
Transactions value $
$0
Form type
4
Date filed
8/7/2023, 04:05 PM
Previous filing
Aug 3, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Award $0 +2.65K +15% $0.00 20.3K Aug 3, 2023 Direct F1, F2
transaction KLAC Common Stock Award $0 +6.07K +29.89% $0.00 26.4K Aug 3, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 3, 2023, 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 16,203 shares issuable upon vesting of RSUs.
F3 On August 6, 2020, 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 6,070 shares (based on 150% of the target shares of 4,047) of KLA common stock, subject to both performance-vesting and service-vesting requirements. On August 3, 2023, 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 6,070.
F4 The number of shares of KLA common stock includes 22,273 shares issuable upon vesting of RSUs.