Form 4: Veeco Instruments SVP Peter Porshnev Reports Stock Transactions

Peter Porshnev, SVP of Unified Engineering at Veeco Instruments, reports the acquisition and disposal of company stock and restricted stock units.

Summary

• On March 12, 2024, Peter Porshnev disposed of 1,967 shares of Veeco Instruments common stock at a price of $34.71 to cover tax obligations.
• On March 13, 2024, Porshnev acquired 2,800 shares of common stock through the vesting of restricted stock units.
• Also on March 13, 2024, Porshnev disposed of 1,473 shares of common stock at $35.10 to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Porshnev beneficially owns 113,685.782 shares of Veeco Instruments common stock.
• The restricted stock units were granted under the Veeco Instruments Inc. 2019 Stock Incentive Plan and vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent upon continued service.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects routine insider transactions related to stock vesting and tax obligations.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings are monitored by investors to gain insights into management's perspective on the company's stock.

Key Dates