Bren D. Higgins - 03 Aug 2023 Form 4 Insider Report for KLA CORP (KLAC)

Signature
/s/ Jeffrey S. Cannon, as attorney-in-fact for Bren D. Higgins
Issuer symbol
KLAC
Transactions as of
03 Aug 2023
Net transactions value
$0
Form type
4
Filing time
07 Aug 2023, 16:05:15 UTC
Previous filing
03 Aug 2023
Next filing
08 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLAC Common Stock Award $0 +5,828 +15% $0.000000 44,247 03 Aug 2023 Direct F1, F2
transaction KLAC Common Stock Award $0 +12,142 +27% $0.000000 56,389 03 Aug 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 34,212 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 12,142 shares (based on 150% of the target shares of 8,095) 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 12,142.
F4 The number of shares of KLA common stock includes 46,354 shares issuable upon vesting of RSUs.