Form 4: Applied Materials Executive Adam Sanders Reports Stock Transaction

Adam Sanders, a Corporate Controller & CAO at Applied Materials, reported a transaction involving the withholding of shares to cover tax obligations and the holding of restricted stock units.

Summary

• Adam Sanders, a Corporate Controller & CAO at Applied Materials, reported a transaction on January 1, 2025.
• The transaction involved the withholding of 310 shares of common stock at a price of $162.63 per share to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Sanders beneficially owns 6,750 shares of Applied Materials common stock.
• This includes 5,782 restricted stock units that will convert into common stock on a one-for-one basis upon vesting, scheduled in installments from April 2025 to January 2029, contingent on continued employment.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive stock transactions, which is neither positive nor negative. It is a neutral event that provides transparency.

Future Outlook

The restricted stock units will vest in installments from April 2025 to January 2029, contingent on continued employment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock ownership of company insiders.

Comparison to Industry Standards

• Stock-based compensation is a common practice among technology companies like Applied Materials, used to align executive interests with shareholder value.
• The vesting schedule of restricted stock units is typical, often spanning several years to incentivize long-term performance and retention.
• Companies like Lam Research (LRCX) and ASML Holding (ASML) also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
• The vesting schedule of restricted stock units incentivizes the executive to remain with the company, which can be beneficial for the company's long-term performance.

Key Dates

Keywords

Applied Materials, AMAT, stock transaction, insider trading, restricted stock units, Form 4, executive compensation, Adam Sanders