Form 4: Applied Materials Director Alexander Karsner Reports Acquisition of Common Stock

Director Alexander Karsner reported acquiring 1,128 shares of Applied Materials common stock on March 7, 2024, through an automatic annual grant of restricted stock units.

Summary

• On March 7, 2024, Alexander Karsner, a director of Applied Materials, Inc., acquired 1,128 shares of common stock.
• The acquisition was an automatic annual grant of restricted stock units (RSUs) under the company's Employee Stock Incentive Plan.
• The RSUs will convert into shares of Applied Materials common stock on a one-for-one basis upon vesting, scheduled for March 1, 2025, contingent on continued service as a director.
• Following the transaction, Karsner directly owns 14,525 shares of Applied Materials common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a positive sign, indicating confidence in the company. However, it's a routine grant, so the impact is limited.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service as a director through March 1, 2025.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Acquisitions are generally viewed positively.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates