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

Timothy M. Deane, a Group Vice President at Applied Materials, sold shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On January 1, 2025, Timothy M. Deane, a Group Vice President at Applied Materials, sold 2,188 shares of common stock to cover tax withholding obligations.
• The sale price was $162.63 per share.
• Following the transaction, Deane directly owns 137,424 shares of Applied Materials stock.
• This includes 78,533 performance share units and restricted stock units that will convert into common stock upon vesting in the future.
• Vesting of restricted stock units is scheduled in October 2025 and 2026, January 2026, and December 2025 through 2027.
• Vesting of performance share units is scheduled in December 2025 through 2027, with the actual number of shares vesting ranging from 0% to 200% of the target amount based on performance goals.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The document outlines the vesting schedule for restricted stock units and performance share units, indicating future potential conversion into common stock, subject to continued employment and achievement of performance goals.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates