Form 4: Applied Materials Executive Adam Sanders Reports Stock Transaction
SEC Form 4 Filing
Adam Sanders, Corp. Controller & CAO of Applied Materials, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On July 1, 2024, Adam Sanders, Corp. Controller & CAO of Applied Materials, had 29 shares of common stock withheld to cover tax obligations.
- The transaction was exempt under Rule 16b-3.
- Following the transaction, Sanders beneficially owns 5,686 shares of Applied Materials stock.
- This includes 5,529 restricted stock units that will vest in installments from October 2024 through April 2028, subject to continued employment.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate any positive or negative sentiment regarding the company's performance.
Future Outlook
The reporting person holds restricted stock units that will vest in installments from October 2024 through April 2028, subject to continued employment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the stock ownership activities of company executives. It is a standard practice in compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 07/03/2024 | Date of signature for the Form 4 filing. |
| October 2024 April 2028 | Vesting schedule for restricted stock units. |
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