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VEECO INSTRUMENTS INC — Director's Dealing 2024
Mar 20, 2024
31958_dirs_2024-03-20_0fbc5baf-a985-477c-b11a-e4d3d0962f1d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VEECO INSTRUMENTS INC (VECO)
CIK: 0000103145
Period of Report: 2024-03-18
Reporting Person: Devasahayam Adrian (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-18 | Common Stock | F | 1052 | $33.74 | Disposed | 66225.9510 | Direct |
| 2024-03-19 | Common Stock | M | 39000 | — | Acquired | 105225.9510 | Direct |
| 2024-03-19 | Common Stock | F | 17142 | $33.74 | Disposed | 88083.9510 | Direct |
Footnotes
F1: Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
F2: On March 21, 2021, the reporting person was granted the contingent right to receive 19,500 performance-based restricted stock units ("PRSUs"). This contingent right was subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which was 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 represented 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. The common stock award reflected in this filing represents achievement at the 200% level, which was realized.