John P. Kiernan - Mar 23, 2023 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Signature
/s/ Kirk W. Mackey, Attorney-in-Fact
Stock symbol
VECO
Transactions as of
Mar 23, 2023
Transactions value $
-$580,480
Form type
4
Date filed
3/27/2023, 04:35 PM
Previous filing
Mar 21, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VECO Common Stock Options Exercise $0 +58.4K +71.2% $0.00 140K Mar 23, 2023 Direct F1
transaction VECO Common Stock Tax liability -$580K -27.9K -19.9% $20.77 113K Mar 23, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 17, 2020, the reporting person was granted the contingent right to receive 30,550 performance-based restricted stock units ("PRSUs"). This contingent right was subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which was 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 represented 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. The common stock award reflected in this filing represents achievement at the 191.2%, level, which was realized.
F2 Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.