Form 4: Applied Materials Executive Sells Shares to Cover Tax Obligations

A Form 4 filing reveals that a senior executive at Applied Materials sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Timothy M. Deane, a Group Vice President at Applied Materials, sold 4,093 shares of common stock on December 19, 2024, at a price of $161.44 per share.
• The sale was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Deane beneficially owns 139,612 shares of Applied Materials stock.
• This total includes 84,670 performance share units and restricted stock units that will convert to common stock upon vesting.
• The restricted stock units are scheduled to vest in installments between January 2025 and December 2027.
• The performance share units are scheduled to vest in installments between December 2025 and 2027, with the actual number of shares vesting dependent on performance goals.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive stock transactions and does not indicate any positive or negative sentiment.

Future Outlook

The document outlines the vesting schedule for restricted stock units and performance share units, indicating future potential stock conversions.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

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 compensation practices in the technology industry, similar to companies like Intel (INTC) and Texas Instruments (TXN).

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a small sale by an executive.
• The sale does not impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Applied Materials, AMAT, stock sale, Form 4, insider trading, executive compensation, restricted stock units, performance share units, tax withholding