Form 4: Applied Materials Executive Adam Sanders Reports Sale of Common Stock
SEC Form 4 Filing
Adam Sanders, Corp. Controller & CAO of Applied Materials, reports the sale of 271 shares of common stock at a price of $172.725 per share on February 24, 2025.
Summary
- On February 24, 2025, Adam Sanders, the Corp. Controller & CAO of Applied Materials, sold 271 shares of Applied Materials common stock.
- The sale price was $172.725 per share.
- Following the transaction, Sanders directly owns 6,479 shares of Applied Materials common stock.
- This includes 5,782 restricted stock units that will convert into common stock upon vesting in installments from April 2025 to January 2029, subject to continued employment.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Future Outlook
The vesting of restricted stock units is subject to continued employment through each applicable vesting date between April 2025 and January 2029.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by a high-ranking officer, which could be for personal financial management reasons.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: Sale of 271 shares of common stock. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
| April 2025 January 2029 | Vesting schedule for 5,782 restricted stock units. |
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