Porshnev Peter 4

What Happened Peter Porshnev, Senior Vice President, Unified Engineering at Veeco Instruments (VECO), had restricted stock units (RSUs) convert to common shares on March 13 and March 16, 2026. A total of 8,267 shares were issued on conversion (2,800 on 3/13; 2,667 and 2,800 on 3/16). To satisfy tax withholding, he surrendered 1,335, 1,146, and 1,186 shares on those respective dates (3,667 shares total) for proceeds of $41,999, $35,469, and $36,707 (aggregate ≈ $114,175). Net shares retained after withholding were about 4,600.

Key Details

• Transaction types: M = exercise/conversion of derivative (RSU conversion); F = shares surrendered for tax withholding.
• Dates & prices: 2026-03-13 conversion (2,800 shares); withholding 1,335 shares @ $31.46 = $41,999. 2026-03-16 conversions (2,667 and 2,800 shares); withholdings 1,146 @ $30.95 = $35,469 and 1,186 @ $30.95 = $36,707.
• Totals: 8,267 shares converted; 3,667 shares surrendered for taxes; surrendered value ≈ $114,175; net shares retained ≈ 4,600.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — these were RSUs granted under the 2019 Stock Incentive Plan and vest 1/3 on each anniversary of grant; vested shares are delivered on the vesting date. F2 — surrendered shares were used to satisfy tax withholding upon vesting.
• Filing timeliness: Report filed 2026-03-17 for transactions on 3/13 and 3/16; no late filing indicated.

Context These transactions reflect RSU vesting and routine tax-withholding (a common, administrative sale of part of an award). This is not an open-market sale or a purchase indicating new bullish exposure; rather, it is the conversion/delivery of compensation awards with shares surrendered to cover taxes.