Wilkerson Susan 4
Research Summary
AI-generated summary
Veeco (VECO) SVP Susan Wilkerson Receives RSUs, Surrenders Shares
What Happened
- Susan Wilkerson, SVP, Global Sales & Service at Veeco (VECO), had restricted stock units (RSUs) vest/convert into common shares in mid-March 2026. A total of 8,267 shares were acquired through conversion/exercise (codes M). To satisfy tax withholding on the vesting, 2,188 shares were surrendered to Veeco (code F) for a total withholding value of $68,142.
- The conversions occurred on 2026-03-13 and 2026-03-16; withholding shares were surrendered at prices of $31.46 and $30.95.
Key Details
- Transaction dates and amounts:
- 2026-03-13: 2,800 shares converted; 831 shares surrendered for taxes at $31.46 ($26,143).
- 2026-03-16: 2,667 shares converted; 675 shares surrendered for taxes at $30.95 ($20,891).
- 2026-03-16: 2,800 shares converted; 682 shares surrendered for taxes at $30.95 ($21,108).
- Totals: 8,267 shares converted; 2,188 shares surrendered; withholding value $68,142; net shares retained from these conversions ≈ 6,079.
- Footnotes from the filing:
- RSUs were granted under the Veeco 2019 Stock Incentive Plan and vest 1/3 each year (F1).
- Shares were surrendered to Veeco to satisfy tax withholding upon vesting (F2).
- Filing info: Form 4 filed 2026-03-17 (reporting period includes transactions on 2026-03-13 and 03-16). The filing does not indicate a late filing.
- Shares owned after transaction: Not specified in the provided filing summary.
Context
- These transactions reflect RSU vesting and a common "cashless" tax withholding (company retains/surrenders shares to cover taxes), not an open-market sale or purchase.
- Such withholding transactions are routine and do not necessarily indicate insider sentiment about the stock.