Borkar Rani 4

What Happened

• Rani Borkar, a director of Applied Materials (AMAT), received a grant of 741 restricted stock units (RSUs) on March 12, 2026. The units were granted at $0.00 (no cash purchase); reported value for the grant is $0. These RSUs convert one-for-one into shares of Applied Materials common stock upon vesting, which is scheduled for March 1, 2027, subject to continued service as a director.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-13 (timely).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 741 RSUs at $0.00; total reported consideration $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: Automatic annual grant to a non-employee board member under Applied’s Employee Stock Incentive Plan; RSUs vest March 1, 2027 if director remains in service.
• No indication of tax-withholding sale, 10b5-1 plan, or late filing.

Context

• RSU grants to directors are routine compensation and do not represent an immediate open-market purchase or sale. These awards convert to stock only upon vesting and therefore are not an immediate bullish or bearish trading action by the insider.