Deane Timothy M 4

What Happened
Timothy M. Deane, Senior Vice President, Applied Global Services at Applied Materials (AMAT), reported an open-market/private sale of 8,621 shares at $590.76 each on June 15, 2026, generating proceeds of $5,092,984. He also reported a gift of 1,545 shares (reported as a zero-dollar disposition) the same day. The sale is a disposition (not a purchase) and does not by itself signal insider bullishness.

Key Details

• Transaction date: 2026-06-15. Filing date (Form 4): 2026-06-17 (timely filed).
• Sale: 8,621 shares @ $590.76 = $5,092,984 (code S: sale, open market or private sale).
• Gift: 1,545 shares @ $0.00 (code G: gift).
• Shares owned after transaction: not specified in the excerpt provided. The filing notes holdings include 65,058 performance share units and restricted stock units that will convert one-for-one into common shares upon vesting (see footnote).
• Footnote (F1): Number includes 65,058 PSUs/RSUs scheduled to vest in installments—28,867 RSUs vest in Oct 2026 and Dec 2026–2028; 36,191 PSUs vest in Dec 2026–2028 (PSU payout ranges 0%–200% of target based on performance; vesting requires continued employment).
• No indication of a 10b5-1 plan or tax-withholding disposition in the provided details.

Context

• Sales are common for liquidity or diversification and do not necessarily reflect the insider’s view of the company’s prospects. Gifts are non-market transfers and similarly don’t convey market sentiment.
• The PSUs are performance-based; actual shares delivered could be higher or lower than target depending on performance metrics.