Miller William John 4

What Happened

• William (William John) Miller, CEO and director of Veeco Instruments (VECO), had restricted stock units (RSUs) convert/vest in mid-March 2026. A total of 46,084 shares were converted/acquired (14,584 on 2026-03-13; 15,167 and 16,333 on 2026-03-16). The conversions show $0 exercise price (typical of RSU vesting).
• To satisfy tax withholding on the vesting, 20,161 shares were surrendered to Veeco (6,439 shares on 3/13; 6,607 and 7,115 on 3/16) for a total withholding value of $627,267 (approx.). These withholdings are reported as payments of tax liability (Form 4 code F).

Key Details

• Transaction dates and prices:
  • 2026-03-13: 14,584 shares converted (M); 6,439 shares surrendered @ $31.46 = $202,571 (F).
  • 2026-03-16: 15,167 shares converted (M); 6,607 shares surrendered @ $30.95 = $204,487 (F).
  • 2026-03-16: 16,333 shares converted (M); 7,115 shares surrendered @ $30.95 = $220,209 (F).
• Total shares converted/vested: 46,084. Total shares surrendered for taxes: 20,161. Total withholding value: $627,267.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: These were RSUs awarded under the 2019 Stock Incentive Plan; restrictions lapse 1/3 each year after grant; vested shares are delivered on vesting date.
  • F2: Shares were surrendered to Veeco to satisfy tax withholding upon vesting.
• Filing timeliness: Form filed 2026-03-17 covering transactions on 3/13 and 3/16; no late filing flag reported.

Context

• This was RSU vesting (conversion of derivative awards) with shares withheld to meet tax obligations — a routine corporate/compensation event rather than an open-market sale or purchase. The surrendered shares represent tax withholding, not a discretionary share sale by the insider.