Devasahayam Adrian 4

What Happened

• Devasahayam Adrian, SVP – Product Line Development at Veeco Instruments (VECO), had restricted stock units vest and converted into common shares on 2026-03-13 and 2026-03-16. He received a total of 8,267 shares through conversion (three conversions of 2,800, 2,667 and 2,800 shares at $0 exercise price).
• To satisfy tax withholding obligations upon vesting, 3,153 shares were surrendered (1,160 @ $31.46 on 3/13; 983 @ $30.95 and 1,010 @ $30.95 on 3/16), with total value of the surrendered shares ≈ $98,178. Net increase in shares held from these events was 5,114 shares (8,267 acquired − 3,153 surrendered).

Key Details

• Transaction dates: 2026-03-13 and 2026-03-16; filing date: 2026-03-17.
• Conversion/exercise price: $0.00 (these were restricted units converting to shares).
• Shares surrendered for tax withholding: 3,153 shares for ≈ $98,178 total (per-line prices $31.46 and $30.95).
• Footnotes: F1 indicates these were RSUs granted under the 2019 Stock Incentive Plan with standard multi-year vesting; F2 confirms shares were surrendered to the company to satisfy tax withholding.
• The filing does not state the total shares owned after these transactions.

Context

• This was a vesting/conversion of RSUs with a cashless tax-withholding settlement (shares surrendered to cover taxes), a routine occurrence when awards vest. It is not an open-market sale or discretionary purchase and does not by itself signal a buy/sell decision.