Miller William John 4

What Happened
William (Bill) Miller, Veeco Instruments CEO and director, received 140,157 shares on March 20, 2026 as the result of a performance-based restricted stock unit (PRSU) award vesting (conversion of a derivative). To satisfy tax withholding on the vesting, he surrendered 61,053 of those shares at an effective price of $31.00 each, generating proceeds of $1,892,643. Net shares retained from the vesting: 79,104.

Key Details

• Transaction dates: March 20, 2026 (reported on Form 4 filed March 24, 2026). Filing appears timely.
• Acquired: 140,157 shares via conversion/vesting (transaction code M) at $0.00 (award).
• Disposed: 61,053 shares surrendered to company for tax withholding (transaction code F) at $31.00 = $1,892,643.
• Net new shares kept by insider: 79,104 (140,157 ­– 61,053).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: The PRSUs were granted March 13, 2023 (81,250 PRSUs) and vested at 172.5% of target based on three-year TSR performance versus the Russell 2000, producing the 140,157-share award; surrendered shares were to satisfy tax withholding.

Context
This was a performance-based award vesting, not an open-market purchase or voluntary sale. Surrendering shares to cover tax obligations is routine following vesting and does not necessarily signal a change in insider confidence. For retail investors, purchases or open-market sales by insiders may carry more direct sentiment signals; vested awards mainly reflect prior compensation and achieved performance metrics.