Form 4: Applied Materials Executive Adam Sanders Reports Changes in Beneficial Ownership

Adam Sanders, Corporate Controller & CAO of Applied Materials, reports a transaction involving common stock due to tax withholding and payroll acquisitions.

Summary

• On October 1, 2024, Adam Sanders, Corporate Controller & CAO of Applied Materials, reported a transaction involving the company's common stock.
• 173 shares were disposed of to cover tax withholding obligations upon the vesting of restricted stock units at a price of $197.2 per share.
• Sanders' holdings increased due to periodic payroll acquisitions under the Employee's Stock Purchase Plan.
• Following the reported transactions, Sanders beneficially owns 5,551 shares of Applied Materials common stock.
• This includes 5,031 restricted stock units that will convert into common stock in installments from January 2024 through April 2028, subject to continued employment.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to tax obligations and employee stock purchase plans, with no indication of significant positive or negative sentiment.

Positives

• The reporting person is actively participating in the Employee's Stock Purchase Plan, indicating confidence in the company's future.

Future Outlook

The reporting person holds restricted stock units that will vest in installments from January 2024 through April 2028, subject to continued employment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.

Key Dates