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

Role: SVP - PRODUCT LINE DEVELOPMENT
Signature: /s/ Kirk W. Mackey, Attorney-in-Fact
Stock symbol: VECO
Transactions as of: Mar 18, 2024
Transactions value $: -$613,866
Form type: 4
Date filed: 3/20/2024, 04:25 PM
Previous filing: Mar 18, 2024
Next filing: Jul 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VECO	Common Stock	Tax liability	-$35.5K	-1.05K	-1.56%	$33.74	66.2K	Mar 18, 2024	Direct	F1
transaction	VECO	Common Stock	Options Exercise	$0	+39K	+58.89%	$0.00	105K	Mar 19, 2024	Direct	F2
transaction	VECO	Common Stock	Tax liability	-$578K	-17.1K	-16.29%	$33.74	88.1K	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 21, 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.

Content

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

On March 21, 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.