VEECO INSTRUMENTS INC — Director's Dealing 2022

Mar 21, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VEECO INSTRUMENTS INC (VECO)
CIK: 0000103145
Period of Report: 2022-03-17

Reporting Person: Wilkerson Susan (SVP, Global Sales & Service)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-17	Common Stock	A	8750	—	Acquired	71006.018	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-17	Restricted Stock Unit	$0	A	16250	Acquired		Common Stock (16250)	Direct

Footnotes

F1: These shares were acquired pursuant to a restricted stock award under the Veeco Instructions Inc. 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to one-third of such shares on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued service through such dates.

F2: On March 17, 2022, the reporting person was granted the contingent right to receive 16,250 performance-based restricted stock units ("PRSUs"). This contingent right is subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which is based on the Company's total shareholder return relative to other companies in the Russell 2000 as specified in the award agreement (the "Criteria"). Each PRSU represents the contingent right to receive one share of Veeco common stock. The award, if earned, could range from 50% to 200% of the granted PRSUs based on the achievement of the Criteria. If the Criteria are not achieved, the award will be forfeited. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date.