Form 4: Applied Materials Director Scott A. McGregor Reports Acquisition of Common Stock

Director Scott A. McGregor acquired 1,128 shares of Applied Materials common stock through an automatic annual grant of restricted stock units.

Summary

• On March 7, 2024, Scott A. McGregor, a director of Applied Materials, Inc., acquired 1,128 shares of common stock.
• This acquisition was due to an automatic annual grant of restricted stock units (RSUs) under the company's Employee Stock Incentive Plan.
• The RSUs will convert to 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, McGregor directly owns 22,253 shares of Applied Materials common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. It indicates confidence but isn't a major market-moving event.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.
• The vesting of RSUs is tied to continued service, aligning the director's interests with the company's long-term success.

Future Outlook

The restricted stock units will vest on March 1, 2025, subject to continued service as a director.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

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

Key Dates