Form 4: Applied Materials Director Iannotti Receives Stock Grant

Director Thomas J. Iannotti of Applied Materials received 1,128 shares of common stock on March 7, 2024, as part of an automatic annual grant of restricted stock units.

Summary

• Thomas J. Iannotti, a director at Applied Materials, Inc., received an automatic annual grant of 1,128 restricted stock units on March 7, 2024.
• These restricted stock units were granted under the Applied Materials Employee Stock Incentive Plan.
• The stock units will convert to shares of Applied Materials common stock on a one-for-one basis upon vesting.
• Vesting is scheduled for March 1, 2025, contingent upon continued service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) for a board member, indicating standard corporate governance practices. It's neutral to slightly positive as it incentivizes the director.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting date of the restricted stock units.

Industry Context

This type of stock grant is a common practice for compensating and incentivizing board members in publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates