Form 4: Applied Materials Executive Omkaram Nalamasu Reports Stock Transaction

Senior Vice President and CTO of Applied Materials, Omkaram Nalamasu, reports the disposition of 36,300 shares of common stock.

Summary

• Omkaram Nalamasu, Senior Vice President and CTO of Applied Materials, filed a Form 4 disclosing a transaction involving the company's stock.
• On December 20, 2024, Mr. Nalamasu disposed of 36,300 shares of Applied Materials common stock.
• The disposition was a gift, with a price of $0 per share.
• Following the transaction, Mr. Nalamasu beneficially owns 173,290 shares of Applied Materials common stock.
• This total includes 71,626 performance share units and restricted stock units that will convert to common stock upon vesting between December 2025 and 2027.
• The actual number of performance share units that vest could range from 0% to 200% of the target amount, depending on performance goals.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral disclosure of a stock transaction.

Future Outlook

The vesting of performance share units is contingent on performance goals and continued employment through each applicable vesting date between December 2025 and 2027.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The vesting schedules for restricted stock units and performance share units are typical for executive compensation packages in the technology industry.
• The range of 0% to 200% for performance share unit vesting is also a common practice, aligning executive compensation with company performance.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disclosure of an executive's stock transaction.
• The vesting of performance share units aligns executive compensation with company performance, which can be seen as positive for shareholders.

Key Dates

Keywords

Applied Materials, AMAT, stock transaction, Form 4, insider trading, executive, share disposition, performance share units, restricted stock units, vesting