| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VECO | Common Stock | Tax liability | -$29.1K | -1.4K | -1.48% | $20.82 | 92.6K | Mar 13, 2023 | Direct | F1 |
| transaction | VECO | Common Stock | Tax liability | -$19.9K | -969 | -1.05% | $20.51 | 91.7K | Mar 14, 2023 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VECO | Restricted Stock Unit | Award | $0 | +8.4K | $0.00 | 8.4K | Mar 13, 2023 | common stock | 8.4K | Direct | F2, F3 | ||
| transaction | VECO | Performance Based Restricted Stock Unit | Award | $0 | +15.6K | $0.00 | 15.6K | Mar 13, 2023 | common stock | 15.6K | Direct | F4 |
| Id | Content |
|---|---|
| F1 | Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock. |
| F2 | Each restricted stock unit represents a contingent right to receive one share of Veeco common stock. |
| F3 | These restricted stock units (RSUs) were acquired pursuant to an award under the Veeco Instruments 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to 1/3 of such RSUs on each of the first, second and third anniversaries of the date of grant. Vested shares of Veeco common stock will be delivered to the reporting person on the vesting date. |
| F4 | On March 13, 2023, the reporting person was granted the contingent right to receive 15,600 performance-based restricted stock units ("PRSUs"). This contingent right is subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which is based on the Company's total shareholder return relative to other companies in the Russell 2000 as specified in the award agreement (the "Criteria"). Each PRSU represents the contingent right to receive one share of Veeco common stock. The award, if earned, could range from 50% to 200% of the granted PRSUs based on the achievement of the Criteria. If the Criteria are not achieved, the award will be forfeited. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date. |