Performance stock vests for Veeco (VECO) CFO John Kiernan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veeco Instruments SVP & Chief Financial Officer John P. Kiernan reported the vesting of performance-based restricted stock units. On the award’s March 2026 vesting date, he acquired 30,274 shares of common stock upon PRSU achievement at the 172.5% performance level. To cover associated tax withholding obligations, 15,049 shares were surrendered back to Veeco at a price of $31.00 per share, leaving a net increase in directly held shares. After these transactions, Kiernan holds 63,622 shares of common stock directly and 82,680 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KIERNAN JOHN P
Role
SVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 30,274 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,049 | $31.00 | $467K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 78,671 shares (Direct);
Common Stock — 82,680 shares (Indirect, By Family Trust)
Footnotes (1)
- On March 13, 2023, the reporting person was granted the contingent right to receive 17,550 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 172.5% level, which was realized. Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
FAQ
What did Veeco (VECO) CFO John Kiernan report in this Form 4?
He reported vesting of performance-based restricted stock units that delivered 30,274 Veeco common shares, plus a related tax-withholding share surrender. The filing updates his direct and indirect ownership following this compensation-related equity vesting event.
What were the original terms of the Veeco (VECO) PRSU grant?
On March 13, 2023, the CFO received 17,550 performance-based restricted stock units. Each unit represented one Veeco share, with the final payout ranging from 50% to 200% based on three-year total shareholder return criteria relative to Russell 2000 companies.
Does this Veeco (VECO) Form 4 show any open-market buy or sell by the CFO?
No open-market purchases or sales are reported. The filing shows shares acquired through PRSU vesting and shares surrendered back to Veeco for tax withholding, both standard compensation and tax-related equity events rather than discretionary market trades.