Adrian Devasahayam - 14 Mar 2025 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Reporting relationship: SVP - PRODUCT LINE DEVELOPMENT
Issuer ticker: VECO
Reported as of: 14 Mar 2025
Net transaction value: -$44,876
SEC form: 4
Accepted by SEC: 18 Mar 2025, 16:20:05 UTC
Prior SEC filing: 14 Mar 2025
Next SEC filing: 26 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Kirk W. Mackey, Attorney-in-Fact

Key filing fact

Adrian Devasahayam filed Form 4 for VEECO INSTRUMENTS INC (VECO) on 18 Mar 2025.

Key facts

This page summarizes Adrian Devasahayam's Form 4 filing for VEECO INSTRUMENTS INC (VECO).
6 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 18 Mar 2025, 16:20.

Change

Previous filing in this sequence was filed on 14 Mar 2025.
Current net transaction value: -$44,876.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VECO transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,666
Change %: +2.9%
Price: $0.000000
Shares after: 93,186
Date: 14 Mar 2025
Ownership: Direct
Footnotes: F1

VECO transaction

Common Stock

Tax liability

Transaction value: $22,322
Shares: -1,048
Change %: -1.1%
Price: $21.30
Shares after: 92,138
Date: 14 Mar 2025
Ownership: Direct
Footnotes: F2

VECO transaction

Common Stock

Tax liability

Transaction value: $22,554
Shares: -1,050
Change %: -1.1%
Price: $21.48
Shares after: 91,088
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VECO transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +8,400
Change %
Price: $0.000000
Shares after: 8,400
Date: 14 Mar 2025
Ownership: Direct
Underlying class: common stock
Underlying amount: 8,400
Exercise price
Footnotes: F1, F3

VECO transaction Derivative

Performance Based Restricted Stock Unit

Award

Transaction value: $0
Shares: +15,600
Change %
Price: $0.000000
Shares after: 15,600
Date: 14 Mar 2025
Ownership: Direct
Underlying class: common stock
Underlying amount: 15,600
Exercise price
Footnotes: F3, F4

VECO transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -2,666
Change %: -33%
Price: $0.000000
Shares after: 5,334
Date: 14 Mar 2025
Ownership: Direct
Underlying class: common stock
Underlying amount: 2,666
Exercise price: $0.000000
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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.

Footnote F2

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

Footnote F3

Each restricted stock unit represents a contingent right to receive one share of Veeco common stock.

Footnote F4

On March 14, 2024, 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.