Form 4: Applied Materials SVP Sells Shares for Tax

Timothy M. Deane, SVP of Applied Global Services at Applied Materials, disposed of 16,465 shares of common stock to cover tax withholding obligations related to equity award vesting.

Summary

• Timothy M. Deane, Senior Vice President of Applied Global Services at Applied Materials, Inc. (AMAT), disposed of 16,465 shares of common stock.
• The transaction occurred on December 19, 2025, at a price of $256.41 per share.
• This disposition was made to cover tax withholding obligations upon the vesting of equity awards and is exempt under Rule 16b-3.
• Following this transaction, Mr. Deane beneficially owns 145,095 shares of Applied Materials common stock.
• The beneficial ownership includes 69,961 performance share units (PSUs) and restricted stock units (RSUs) that will convert to common stock upon vesting.
• 33,770 restricted stock units are scheduled to vest in installments in January 2026, October 2026, and December 2026 through 2028.
• 36,191 performance share units are scheduled to vest in installments in December 2026 through 2028, with the actual number of shares ranging from 0% to 200% of the target amount based on achievement of specified performance goals.
• All future vesting is subject to continued employment through each applicable vesting date.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate a change in company fundamentals or management's outlook.

Risks

• Vesting of performance share units (PSUs) is contingent on the achievement of specified performance goals, meaning the actual number of shares received could range from 0% to 200% of the target amount.
• All future vesting of equity awards is subject to continued employment through each applicable vesting date.

Future Outlook

Future vesting of equity awards for Timothy M. Deane is scheduled to occur in installments from January 2026 through December 2028, subject to continued employment and, for performance share units, achievement of specified performance goals.

Industry Context

This filing is an individual insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• N/A for an individual insider transaction report, as it does not pertain to company-wide financial or operational performance.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and not indicative of a change in company performance or management's confidence.
• Employees, Customers, Suppliers, Creditors: No direct impact from this individual insider transaction.

Next Steps

• Continued vesting of 33,770 restricted stock units (RSUs) in installments in January 2026, October 2026, and December 2026 through 2028.
• Continued vesting of 36,191 performance share units (PSUs) in installments in December 2026 through 2028, contingent on performance goals and continued employment.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an executive disposed of shares to cover tax obligations upon equity award vesting. Such transactions are common and typically do not reflect a change in the company's fundamentals or the executive's confidence in the company. Therefore, it provides no new information to alter an existing investment recommendation.

Keywords

Applied Materials, AMAT, Form 4, insider transaction, stock sale, equity awards, tax withholding, Timothy Deane, restricted stock units, performance share units