Peter Porshnev - Mar 18, 2024 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Signature
/s/ Kirk W. Mackey, Attorney-in-Fact
Stock symbol
VECO
Transactions as of
Mar 18, 2024
Transactions value $
-$743,663
Form type
4
Date filed
3/20/2024, 04:20 PM
Previous filing
Mar 18, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VECO Common Stock Tax liability -$51.8K -1.53K -1.35% $33.74 112K Mar 18, 2024 Direct F1
transaction VECO Common Stock Options Exercise $0 +39K +34.77% $0.00 151K Mar 19, 2024 Direct F2
transaction VECO Common Stock Tax liability -$692K -20.5K -13.57% $33.74 131K Mar 19, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
F2 On March 12, 2021, the reporting person was granted the contingent right to receive 19,500 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 200% level, which was realized.