Devasahayam Adrian 4/A
Research Summary
AI-generated summary
Veeco (VECO) SVP Devasahayam Adrian Converts 32,000 Derivative Shares
What Happened
- Devasahayam Adrian, SVP — Product Line Development at Veeco Instruments (VECO), reported an exercise/conversion of a derivative (Form 4 code M) that resulted in the acquisition of 32,000 shares on March 10, 2026. The reported acquisition price was $0.00 per share (no cash paid).
Key Details
- Transaction date: 2026-03-10 (amended Form 4 filed 2026-05-08).
- Transaction type/code: Exercise/conversion of derivative (M).
- Shares acquired: 32,000 at $0.00 per share (total reported consideration $0).
- Post-transaction beneficially owned shares: not specified in the excerpt provided; see the amended Form 4 for updated totals.
- Notable footnotes:
- F1: This is an amended filing (voluntary) correcting where the award is reported and revising beneficial ownership and unvested RSU totals.
- F2: Each restricted stock unit (RSU) represents a contingent right to one share.
- F3: The RSUs were granted under the Veeco Instruments 2019 Stock Incentive Plan and vest 1/3 on each of the first three anniversaries of the grant; vested shares are delivered on the vesting date.
Context
- The $0.00 per-share price and the filing footnotes indicate these shares relate to RSUs/awards rather than an open-market purchase; such conversions/vestings are routine compensation events and do not necessarily signal a buy or sell decision by the insider.
- The filing was amended to correct reporting placement and totals; the amendment was described as voluntary and does not, by itself, imply tardiness of the original report. For full ownership and timing details, consult the amended Form 4 on the SEC EDGAR site.