KIERNAN JOHN P 4

What Happened

• John P. Kiernan, Chief Financial Officer of Veeco Instruments (VECO), had restricted stock units (RSUs) convert/vest in mid‑March 2026. A total of 11,899 shares were issued on conversion (3,150 on Mar 13; 4,083 and 4,666 on Mar 16).
• To cover tax withholding, Kiernan surrendered 6,002 shares back to Veeco (1,714 at $31.46 on Mar 13; 1,999 at $30.95 and 2,289 at $30.95 on Mar 16), totaling $186,636. After withholding, he received a net 5,897 shares.
• This was not an open‑market sale for cash profit but the routine surrender of vested award shares to satisfy tax obligations.

Key Details

• Transaction dates: Mar 13, 2026 and Mar 16, 2026.
• Conversion/vesting entries (code M): 3,150; 4,083; 4,666 shares (total 11,899) reported with $0 exercise price (typical for RSU vesting/conversion).
• Tax withholding (code F): 1,714 shares @ $31.46 = $53,922; 1,999 shares @ $30.95 = $61,869; 2,289 shares @ $30.95 = $70,845; total $186,636; 6,002 shares surrendered.
• Net shares received after withholding: 5,897.
• Footnotes: F1 indicates these were RSUs granted under Veeco’s 2019 Stock Incentive Plan and vest over time; F2 confirms the surrendered shares were to satisfy tax withholding on vesting.
• Filing: Form 4 filed Mar 17, 2026; no late‑filing flag indicated in the report.

Context

• These transactions reflect RSU vesting and routine tax withholding (a cashless settlement), not a discretionary open‑market sale or purchase. For retail investors, vesting events increase insider-held shares but the surrender for taxes is a common administrative step and does not necessarily signal a change in insider conviction.