Raja Prabu G. 4
Research Summary
AI-generated summary
Applied Materials (AMAT) President Raja Prabu Sells 10,000 Shares
What Happened
Raja Prabu G., President of the Semiconductor Products Group at Applied Materials (AMAT), sold 10,000 shares in an open-market transaction on June 18, 2026. The shares were disposed for a weighted-average price of $633.53 per share, for a total proceeds of approximately $6,335,300.
Key Details
- Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (timely filing).
- Price: weighted average $633.53; executed in multiple trades at $633.51 and $633.79 (reporting person can provide breakdown on request).
- Shares sold: 10,000; total proceeds: ~$6.34 million.
- Shares owned after transaction: not specified in the filing.
- Footnote on awards: filing notes 100,517 performance share units (PSUs) and restricted stock units (RSUs) that will convert 1-for-1 into common shares upon vesting (39,181 RSUs and 61,336 PSUs scheduled to vest in installments Dec 2026–2028; PSU payout ranges from 0%–200% of target based on performance).
- Transaction type: open-market sale (code S).
Context
Sales by executives are common and often reflect personal or portfolio liquidity needs rather than company outlook; this filing is a straightforward open-market sale, not an option exercise or gift. The disclosure of unvested RSUs/PSUs provides additional context on potential future share increases if performance and vesting conditions are met.