Form 4: KLA Corp Executive Ahmad A. Khan Reports Stock Transactions Following RSU Vesting

Ahmad A. Khan, President of Semi Proc. Control at KLA Corp, reports the withholding of shares to cover tax obligations following the vesting of restricted stock units (RSUs).

Summary

• Ahmad A. Khan, President of Semi Proc. Control at KLA Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report covers transactions related to the vesting of restricted stock units (RSUs).
• On August 3, 2024, 25% of RSUs granted on August 3, 2023, vested, resulting in 722.381 shares withheld for tax purposes at a price of $696.17 per share.
• Following this transaction, Khan directly owns 50,645.704 shares of KLA common stock, including 41,091.052 shares issuable upon vesting of RSUs.
• On August 4, 2024, 25% of RSUs granted on August 4, 2022, vested, resulting in 775.927 shares withheld for tax purposes at a price of $696.17 per share.
• Following this transaction, Khan directly owns 49,869.777 shares of KLA common stock, including 39,526.052 shares issuable upon vesting of RSUs.
• On August 5, 2024, 25% of RSUs granted on August 5, 2021, vested, resulting in 833.936 shares withheld for tax purposes at a price of $696.17 per share.
• Following this transaction, Khan directly owns 49,035.841 shares of KLA common stock, including 37,884.052 shares issuable upon vesting of RSUs.
• Also on August 5, 2024, 50% of performance-based restricted stock units granted on August 5, 2021 vested, resulting in 2,501.807 shares withheld for tax purposes at a price of $696.17 per share.
• Following this transaction, Khan directly owns 46,534.034 shares of KLA common stock, including 32,798.052 shares issuable upon vesting of RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for companies that grant stock-based compensation.

Comparison to Industry Standards

• Executive compensation packages including RSUs are a standard practice among publicly traded technology companies like KLA Corp.
• Companies such as Applied Materials (AMAT) and Lam Research (LRCX) also utilize RSUs as part of their executive compensation plans.
• The vesting schedules and tax withholding practices described in the filing are consistent with common industry practices.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to the vesting of previously granted equity compensation.
• Employees holding RSUs are affected by the vesting schedule and tax implications.

Key Dates