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

Role: SVP & CHIEF FINANCIAL OFFICER
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.

Content

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.

Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.