Form 4: Applied Materials Director Chen Xun Reports Changes in Beneficial Ownership

Director Chen Xun of Applied Materials reports acquisition and disposal of common stock and restricted stock units due to dividend accrual and deferred compensation.

Summary

• This Form 4 filing details changes in beneficial ownership for Chen Xun, a director at Applied Materials.
• On December 31, 2024, Chen Xun acquired 238 shares of common stock at $0 per share due to accrued dividends on vested restricted stock units.
• These restricted stock units will be converted into shares of Applied common stock upon termination of service from the Applied Board of Directors.
• The filing also indicates that Chen Xun holds 43,459 shares of common stock following the reported transactions, including vested and unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of shares through dividend accrual on vested restricted stock units is a form of compensation for the director.

Future Outlook

The restricted stock units will be converted into shares of Applied common stock and paid to Chen Xun upon termination of service from the Applied Board of Directors.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates