VEECO INSTRUMENTS INC·4

May 11, 4:45 PM ET

Chand Sujeet 4

Research Summary

AI-generated summary

Updated

Veeco (VECO) Director Chand Sujeet Receives Restricted Stock Award

What Happened

  • Chand Sujeet, a director of Veeco Instruments Inc. (VECO), was granted 2,945 restricted shares on 2026-05-08. The Form 4 reports an acquisition price of $0 (award/grant), and no dollar value is shown on the filing. The award was made under the Veeco Instruments Inc. 2019 Stock Incentive Plan as compensation for director services.

Key Details

  • Transaction date and type: 2026-05-08 — Award/Grant of restricted stock (code A).
  • Price reported on Form 4: $0.00 per share; total reported consideration: $0.
  • Shares owned after the transaction: not disclosed in the filing.
  • Vesting/restrictions: These shares are subject to restrictions that lapse on the earlier of (i) the date immediately preceding the Company's 2027 Annual Meeting of stockholders or (ii) the first anniversary of the award date (per footnote F1).
  • Filing date: 2026-05-11 (no late-filing flag shown in the data provided).

Context

  • This is a compensation grant to a director, not an open-market purchase or sale. Restricted shares typically convert to unrestricted shares when the stated conditions lapse; such awards are common for board compensation and do not, by themselves, indicate insider buying or selling intent.