Iannotti Thomas J 4

What Happened
Thomas J. Iannotti, a director of Applied Materials (AMAT), received an automatic annual grant of 741 restricted stock units (RSUs) on March 12, 2026. The grant is reported at $0.00 at issuance (standard for RSU awards) and will convert one-for-one into shares of Applied common stock upon vesting. Vesting is scheduled for March 1, 2027 and is subject to continued service as a director through that date. This is a routine director compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; reported on Form 4 filed 2026-03-13 (appears timely).
• Transaction: Award/Grant (RSUs) — 741 shares @ $0.00.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: Grant is an automatic annual award under Applied’s Employee Stock Incentive Plan; RSUs convert 1-for-1 to common stock upon vesting on 2027-03-01, subject to continued board service.
• No indication of tax withholding sale, 10b5-1 plan, or late filing in this report.

Context
RSUs are a form of non-cash compensation for directors and convert to shares only if vesting conditions (here, continued service) are met. Such awards are routine and do not directly signal a director’s view of the stock’s near-term prospects; their eventual value depends on Applied Materials’ share price at vesting.