Hill Brice 4

What Happened

• Brice Hill, SVP and Chief Financial Officer of Applied Materials (AMAT), sold 5,000 shares on February 17, 2026. The shares were disposed in an open-market/private sale at $361.21 per share for a total proceeds of $1,806,062. This is a sale (disposition) rather than a purchase.

Key Details

• Transaction date and price: 2026-02-17 — 5,000 shares at $361.21 each.
• Total proceeds: $1,806,062.
• Shares owned after transaction: Not specified in the provided extract. The filing notes holdings that will convert to common stock (see footnote).
• Footnote (F1): The filing references 85,503 performance share units (PSUs) and restricted stock units (RSUs) that will convert one-for-one into Applied Materials common stock upon vesting. Vesting is scheduled in installments December 2026–2028: 33,272 RSUs and 52,231 PSUs (PSU payout ranges from 0%–200% of target based on performance; all vesting subject to continued employment).
• Timeliness: Filing was dated 2026-02-18 covering the 2026-02-17 transaction, which appears timely (filed the next day). No 10b5-1 plan or other special instructions were indicated in the provided data.

Context

• A single open-market sale by an executive is often routine (liquidity, tax planning, diversification) and does not by itself indicate a change in company fundamentals. The noted PSUs and RSUs are deferred compensation that may convert to shares in future vesting periods (subject to performance and continued employment).