Form 4: Applied Materials SVP, CLO Teri A. Little Reports Stock Transaction

Teri A. Little, SVP and CLO of Applied Materials, reported the withholding of 11,197 shares for tax obligations and holds 92,253 shares including performance and restricted stock units.

Summary

• Teri A. Little, Senior Vice President and Chief Legal Officer of Applied Materials, Inc., filed a Form 4 detailing a transaction involving company stock.
• On December 19, 2024, 11,197 shares of common stock were withheld to cover tax obligations related to the vesting of equity awards.
• The price per share for the transaction was $161.44.
• Following the transaction, Ms. Little beneficially owns 92,253 shares of Applied Materials common stock.
• This total includes 57,492 performance share units and restricted stock units that will convert to common stock upon vesting between December 2025 and 2027.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive stock transactions. It is neutral in nature and expected for a public company.

Future Outlook

The document outlines the vesting schedule for performance share units and restricted stock units between December 2025 and 2027, with performance share units vesting based on achievement of performance goals.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies. It provides transparency into the stock ownership of key personnel.

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 and performance-based equity awards are common compensation practices for executives in the technology industry, including companies like Lam Research (LRCX) and ASML Holding (ASML).

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a routine tax withholding event.
• The vesting of equity awards is part of the executive compensation package and is intended to align management's interests with those of shareholders.

Next Steps

• The restricted stock units are scheduled to vest in installments in December of 2025 through 2027.
• The performance share units are scheduled to vest in installments in December of 2025 through 2027, with the actual number of shares vesting dependent on performance goals.

Key Dates

Keywords

Applied Materials, AMAT, stock transaction, Form 4, insider trading, equity awards, performance share units, restricted stock units, vesting, tax withholding