Form 4: Applied Materials SVP, CLO Teri A. Little Reports Stock Sale
SEC Form 4 Filing
Teri A. Little, SVP, CLO of Applied Materials, Inc., reported the sale of 2,500 shares of common stock at a price of $221.62 on June 7, 2024.
Summary
- On June 7, 2024, Teri A. Little, SVP, CLO of Applied Materials, Inc., sold 2,500 shares of the company's common stock.
- The sale price was $221.62 per share.
- Following the transaction, Little directly owns 76,212 shares of Applied Materials common stock.
- This number includes 53,097 performance share units and restricted stock units that will convert into common stock upon vesting in the future.
- The vesting of these units is scheduled to occur in installments from December 2024 through 2026, subject to continued employment.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider stock sale. No indication of positive or negative implications for the company.
Future Outlook
The document mentions the vesting of restricted stock units and performance share units between December 2024 and 2026, subject to continued employment and achievement of performance goals.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock sale transaction |
| 06/10/2024 | Date of signature on the Form 4 filing |
| December 2024 through 2026 | Scheduled vesting period for restricted stock units and performance share units |
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