DE GEUS AART 4
Research Summary
AI-generated summary
Applied Materials (AMAT) Director Aart de Geus Gifts 17,855 Shares
What Happened
Aart de Geus, a director of Applied Materials, reported a gift of 17,855 shares on May 21, 2026. The transaction is reported with a price of $0.00 (code G — gift), so the filing shows no sale proceeds. The filing notes that the reported share count includes 741 restricted stock units (RSUs) that were previously disclosed and will convert one-for-one into shares upon vesting in March 2027, subject to continued service as a director.
Key Details
- Transaction date: 2026-05-21; Filing date: 2026-05-22 (filed one day after the transfer).
- Transaction type/code: Gift (G); Price per share reported: $0.00; Total proceeds: $0.
- Shares involved: 17,855 shares disposed by gift.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: 741 RSUs included in the reported count will convert to shares upon vesting in March 2027 (subject to continued director service).
- Timeliness: Filed within one day of the transaction (appears timely under Form 4 rules).
Context
Gifts are transfers of ownership (to family members, trusts, or charities) and do not necessarily signal the insider’s view on the company’s prospects. This report concerns a director-level transfer, not a 10% owner or executive option exercise.