Form 4: KLA Corp EVP Bren D. Higgins Reports Stock Transactions Following RSU Vesting

Bren D. Higgins, EVP & Chief Financial Officer of KLA Corp, reports the withholding of shares to cover tax obligations following the vesting of restricted stock units (RSUs).

Summary

• On August 3, 2024, Bren D. Higgins, EVP & Chief Financial Officer of KLA Corp, reported transactions related to the vesting of restricted stock units (RSUs).
• Shares were withheld to cover tax obligations associated with the vesting of these RSUs.
• The transactions occurred on August 3, August 4, and August 5, 2024.
• A total of 722.381 shares were withheld on August 3, 738.742 shares were withheld on August 4, 754.112 shares were withheld on August 5, and 2,263.08 shares were withheld on August 5.
• The price per share for the withholding was $696.17.
• Following these transactions, Higgins directly owns 45,179.049 shares of KLA common stock, which includes 30,657.052 shares issuable upon vesting of RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of granting and vesting RSUs as part of executive compensation packages.

Comparison to Industry Standards

• Executive compensation packages including RSUs are standard practice among publicly traded companies, particularly in the technology sector.
• Companies like Applied Materials (AMAT) and Lam Research (LRCX), which are competitors of KLA Corp, also utilize RSUs as part of their executive compensation plans.
• The vesting schedules and tax withholding practices described in the document are typical for RSU grants.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to the standard vesting and tax withholding of executive compensation.
• Employees who are RSU recipients are directly affected by the vesting and withholding process.

Key Dates