KLA CEO Richard P. Wallace Receives RSU/PRSU Awards; Sells Shares

What Happened
Richard P. Wallace, President and CEO of KLA Corp (KLAC), received a mix of restricted stock units (RSUs) and performance RSUs (PRSUs) on August 6, 2026, and had a portion of shares withheld/sold to cover required tax withholding. Reported entries: grants of 352,875; 93,721; and 40,841.235 shares (all $0 acquisition price), and disposals of 87,481.432 shares and 46,466.872 shares at $192.80 each to satisfy tax obligations (total proceeds reported: $16,866,420 and $8,958,813 respectively; combined ≈ $25,825,233). Net result: roughly +353,489 shares retained after tax-withholding.

Key Details

• Transaction date: August 6, 2026. Withholding sales executed at $192.80 per share (closing price used to calculate shares withheld was Aug 5, 2026).
• Grants/vests: total granted/issued on the report ≈ 487,437.235 shares (352,875 + 93,721 + 40,841.235).
• Shares sold/withheld for taxes: ≈ 133,948.304 shares (87,481.432 + 46,466.872) generating ≈ $25.8M.
• Net change: ~+353,489 shares added to his holdings after tax-withholding.
• Notable footnotes:
  • A PRSU award granted Aug 3, 2023 (target 235,250 shares; up to 150% payout) was determined to have met maximum performance; 50% vested Aug 6, 2026 and the remaining 50% vests Aug 3, 2027 subject to continued service.
  • A separate PRSU tranche from Aug 4, 2022 vested 93,721 shares on Aug 6, 2026.
  • Shares were automatically withheld at vesting to cover required taxes (i.e., a cashless withholding).
  • A new RSU grant on Aug 6, 2026 was reported; those RSUs vest 25% annually.
• Filing status: reported on Aug 7, 2026 for transactions dated Aug 6, 2026 (no late-filing indication in the report).

Context
These transactions are primarily vesting of equity awards and routine automatic withholding to cover tax obligations (not open-market selling for investment purposes). Vesting of PRSUs reflects achievement of multi-year performance goals (company free cash flow vs peers). For retail investors, award vesting indicates compensation realization by management; the withheld/sold shares were part of the normal tax-withholding process rather than discretionary sales signaling a change in CEO sentiment.