Form 4: Applied Materials CEO Gary Dickerson Sells Shares to Cover Tax Obligations

Applied Materials CEO Gary Dickerson sold 81,597 shares of common stock to cover tax obligations related to vesting equity awards.

Summary

• Gary Dickerson, the President and CEO of Applied Materials, sold 81,597 shares of common stock on December 19, 2024, at a price of $161.44 per share.
• This transaction was to cover tax withholding obligations related to the vesting of equity awards.
• Following the transaction, Mr. Dickerson beneficially owns 1,666,010 shares of Applied Materials common stock.
• This total includes 568,067 performance share units and restricted stock units that will convert to common stock upon vesting.
• The vesting of these units is scheduled to occur in installments from December 2025 through 2027 and October 2025.
• The actual number of performance share units that vest may range from 0% to 200% of the target amount, depending on the achievement of performance goals.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock transaction. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It does not indicate any specific trend or change in the industry.

Comparison to Industry Standards

• Executive stock transactions are a common practice in publicly traded companies, particularly in the technology sector.
• Companies like Lam Research (LRCX) and ASML Holding (ASML) also have similar filings related to executive stock transactions.
• The vesting schedules and performance-based equity awards are standard compensation practices in the industry.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a routine transaction for tax purposes.
• The vesting of performance share units and restricted stock units is tied to the company's performance, which aligns management's interests with shareholders.

Key Dates

Keywords

Applied Materials, AMAT, Gary Dickerson, stock sale, equity awards, insider trading, SEC Form 4, performance share units, restricted stock units