Form 4: Applied Materials Executive Adam Sanders Reports Stock Transaction

Adam Sanders, Corp. Controller & CAO of Applied Materials, reports a transaction involving the withholding of shares to cover tax obligations.

Summary

• On April 1, 2024, Adam Sanders, Corp. Controller & CAO of Applied Materials, had 29 shares of common stock withheld to cover tax obligations.
• The shares were withheld at a price of $208.69 per share.
• Following the transaction, Sanders beneficially owns 5,715 shares of Applied Materials common stock, which includes 5,612 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Future Outlook

The document outlines the vesting schedule for restricted stock units held by Adam Sanders, which will occur in installments from July 2024 through April 2028, contingent upon continued employment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the stock ownership of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a small number of shares withheld for tax purposes.

Key Dates