KLA (KLAC) CEO Richard Wallace Withholds 109,738 Shares for Taxes

What Happened

• Richard P. Wallace, President and CEO of KLA Corporation, had shares automatically withheld to cover tax withholding on vested restricted stock units (RSUs/PRSUs). Two withholding transactions on Aug 4, 2026 disposed of 19,950.993 shares and 89,786.901 shares at $182.75 per share, totaling $3,646,044 and $16,408,556 respectively (combined ≈ $20,054,600). This was a tax-withholding event (code F), not an open-market sale driven by the insider.

Key Details

• Transaction date: 2026-08-04; withholding price used: $182.75 (closing price as of Aug 3, 2026).
• Shares withheld: 19,950.993 and 89,786.901 (total 109,737.894 shares); total value ≈ $20.05M.
• Shares owned after transaction: the filing excerpt does not state a single total ownership figure. Footnotes note remaining issuable/vested RSU amounts (see below).
• Notable footnotes:
  • F1/F3: These withholdings relate to RSUs and performance RSUs granted Aug 4, 2022; portions vested Aug 4, 2026 (25% of service RSUs; 50% of PRSUs after performance was certified).
  • F2/F4: Filing indicates inclusion of issuerable RSU amounts of 376,533.980 and 195,438.980 shares in reported counts (as applicable).
• Filing timeliness: Report filed for period/date 2026-08-04 (no late filing indicated).

Context

• This was a routine cashless-like tax withholding at vesting: when RSUs/PRSUs vest, companies commonly withhold shares to satisfy tax obligations. Such withholdings are not discretionary open-market sales and therefore generally do not convey the same trading signal as voluntary insider sales.