KIERNAN JOHN P 4

What Happened

• John P. Kiernan, Chief Financial Officer of Veeco Instruments Inc. (VECO), acquired 42,500 shares on 2026-03-10 via an exercise/conversion of a derivative (reported with code M) at an exercise price of $0.00. The filing records no cash paid for these shares; they were issued pursuant to a restricted stock award under Veeco’s 2019 Stock Incentive Plan.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (filed within the typical two-business-day window).
• Transaction type/code: M (exercise/conversion of derivative); recorded price $0.00; 42,500 shares acquired.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: These shares are subject to restrictions — one-third of the shares will vest on each of the first, second, and third anniversaries of the grant date, contingent on continued service.
• No 10b5‑1 plan, tax‑withholding sale, or immediate sale noted in the filing.

Context

• This was an award/settlement of restricted stock (time‑based vesting), not an open‑market purchase or an immediate cashless sale. Such transactions reflect compensation or retention arrangements rather than an outright purchase of shares on the market.