Form 4: AMAT Executive's Equity Vesting Tax Withholding Reported

Applied Materials' SVP and CLO Teri A. Little reported a routine disposition of 15,472 shares of common stock for tax withholding purposes related to equity award vesting.

Summary

• Teri A. Little, Senior Vice President and Chief Legal Officer of Applied Materials, Inc. (AMAT), reported a disposition of 15,472 shares of common stock.
• This transaction, dated December 19, 2025, was executed to cover tax withholding obligations upon the vesting of equity awards.
• The shares were disposed of at a price of $256.41 per share.
• Following this transaction, Ms. Little beneficially owns 91,949 shares of Applied Materials common stock.
• The beneficially owned amount includes 49,069 unvested performance share units (PSUs) and restricted stock units (RSUs).
• Specifically, 19,012 restricted stock units are scheduled to vest in installments between December 2026 and 2028.
• Additionally, 30,057 performance share units are scheduled to vest in installments between December 2026 and 2028, with the actual number of shares vesting ranging from 0% to 200% of the target based on the achievement of specified performance goals.
• All future vesting is contingent on continued employment through each applicable vesting date.

Sentiment

Score: 5

Explanation: A routine tax withholding transaction upon equity vesting is a neutral event, reflecting standard executive compensation practices without indicating positive or negative operational performance or strategic shifts.

Positives

• The transaction is a result of equity awards vesting, indicating compensation for a key executive.
• The withholding for taxes is a standard and expected procedure for equity compensation, reflecting compliance with tax obligations.

Risks

• Future vesting of 30,057 performance share units is subject to the achievement of specified performance goals, meaning the actual number of shares received could range from 0% to 200% of the target amount.
• All future vesting of both restricted stock units and performance share units is contingent on Teri A. Little's continued employment through each applicable vesting date.

Future Outlook

Teri A. Little has 49,069 unvested equity units (19,012 RSUs and 30,057 PSUs) scheduled to vest in installments between December 2026 and 2028, subject to continued employment and, for PSUs, achievement of performance goals.

Industry Context

This filing represents a routine insider transaction related to executive compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related transaction. It reflects the ongoing compensation structure for a key executive.
• Employees: No direct impact on general employees.

Next Steps

• Vesting of 19,012 restricted stock units in installments from December 2026 through 2028.
• Vesting of 30,057 performance share units in installments from December 2026 through 2028, contingent on performance goals and continued employment.

Key Dates

Keywords

Applied Materials, AMAT, Form 4, Insider Transaction, Equity Vesting, Tax Withholding, Restricted Stock Units, Performance Share Units, Executive Compensation