Form 4: Applied Materials Director Thomas J. Iannotti Reports Stock Gift
SEC Form 4 Filing
Director Thomas J. Iannotti of Applied Materials reports a gift of 250 common stock shares.
Summary
- On May 29, 2024, Thomas J. Iannotti, a director of Applied Materials, Inc., reported a transaction involving the company's common stock.
- The transaction involved a gift of 250 shares of common stock.
- Following the transaction, Iannotti beneficially owns 59,012 shares of Applied Materials common stock.
- This number includes 1,128 restricted stock units that will convert into common stock in March 2025, subject to continued service as a director.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The vesting of restricted stock units in March 2025 is contingent upon continued service as a director.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of stock gift transaction |
| 03/2025 | Vesting date for 1,128 restricted stock units |
| 05/30/2024 | Date of signature on the Form 4 filing |
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