CHEN XUN 4
4 · APPLIED MATERIALS INC /DE · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Applied Materials (AMAT) Director Chen Xun Receives 741 RSUs
What Happened Dr. Chen Xun, a non-employee member of the Applied Materials (AMAT) Board of Directors, received an automatic annual grant of 741 restricted stock units (RSUs) on 2026-03-12. The grant was reported at $0.00 per unit (award code A); there was no cash purchase or sale. These RSUs are scheduled to vest on March 1, 2027, subject to continued service as a director. Per Dr. Chen’s election to defer, any units that vest will be converted one-for-one into Applied common shares and paid to him on the date he terminates Board service.
Key Details
- Transaction date: 2026-03-12; filing date: 2026-03-13 (timely).
- Transaction type/code: Award/Grant (A); price reported $0.00 per unit.
- Vesting: Scheduled for March 1, 2027, contingent on continued Board service.
- Deferral: Dr. Chen elected to defer payout; vested units convert 1:1 to shares and are paid upon termination of Board service (Footnote F1).
- Footnote F2: The filing notes that the reported share count includes 29,130 RSUs previously reported as vested that are also deferred and will convert to shares on termination.
- This is routine director compensation (not a market purchase or sale) and does not reflect an immediate market transaction.
Context RSU awards to directors are common compensation and typically vest over time; they become actual shares only on vesting (and here are further deferred until termination). Because this is an award rather than a purchase or sale, it is generally treated as routine pay rather than a direct signal of insider buying or selling.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-12+741→ 45,970 total
Footnotes (2)
- [F1]Represents automatic annual grant of restricted stock units to a non-employee member of the Board of Directors pursuant to the Applied Materials, Inc. ("Applied") Employee Stock Incentive Plan. These restricted stock units are scheduled to vest on March 1, 2027 (subject to continued service as a director through the vesting date). Pursuant to Dr. Chen's election to defer, any units that vest from this grant will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board.
- [F2]Number of shares includes 29,130 restricted stock units previously reported that have vested and which, pursuant to Dr. Chen's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board.