Adrian Devasahayam - 24 Mar 2025 Form 4 Insider Report for VEECO INSTRUMENTS INC (VECO)

Signature
/s/ Kirk W. Mackey, Attorney-in-Fact
Issuer symbol
VECO
Transactions as of
24 Mar 2025
Net transactions value
-$109,461
Form type
4
Filing time
26 Mar 2025, 16:15:07 UTC
Previous filing
18 Mar 2025
Next filing
09 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VECO Common Stock Options Exercise $0 +14,349 +16% $0.000000 105,437 24 Mar 2025 Direct F1
transaction VECO Common Stock Tax liability $109,461 -5,173 -4.9% $21.16 100,264 24 Mar 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 17, 2022, the reporting person was granted the contingent right to receive 16,250 performance-based restricted stock units ("PRSUs"). This contingent right is subject to the reporting person's continued service with the Company and the achievement of three-year performance criteria, which is based on the Company's total shareholder return relative to other companies in the Russell 2000 as specified in the award agreement (the "Criteria"). Each PRSU represents the contingent right to receive one share of Veeco common stock. The award, if earned, could range from 50% to 200% of the granted PRSUs based on the achievement of the Criteria. The common stock award reflected in this filing represents achievement at the 88.3% level, which was realized.
F2 Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.