Richard P. Wallace - Aug 3, 2023 Form 4 Insider Report for KLA CORP (KLAC)

Signature
/s/ Jeffrey S. Cannon, as attorney-in-fact for Richard P. Wallace
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 +15.7K +13.21% $0.00 134K Aug 3, 2023 Direct F1, F2
transaction KLAC Common Stock Award $0 +41.3K +30.71% $0.00 176K Aug 3, 2023 Direct F3, F4
holding KLAC Common Stock 9.18K Aug 3, 2023 By Trust F5
* 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 88,004 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 41,284 shares (based on 150% of the target shares of 27,523) 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 41,284.
F4 The number of shares of KLA common stock includes 129,288 shares issuable upon vesting of RSUs.
F5 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.