Devasahayam Adrian 4

What Happened

• Devasahayam Adrian, Senior Vice President — Product Line Development at Veeco Instruments (VECO), acquired 32,000 shares on 2026-03-10. The transaction is reported as an exercise/conversion of a derivative (code M) but the filing footnote states the shares were issued pursuant to a restricted stock award under the 2019 Stock Incentive Plan. Price reported: $0.00 (total cash value $0).

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-12 (filed within the standard Form 4 reporting window).
• Shares acquired: 32,000 at $0.00 per share (award). Total cash paid: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: These shares are subject to restrictions; one‑third of the shares will vest on each of the first, second and third anniversaries of the grant date, contingent on continued service (per footnote F1).
• Transaction code explanation: Reported as an M (exercise/conversion of derivative), but the footnote clarifies this was a restricted stock award (not a cash exercise or immediate sale).

Context

• Restricted stock awards are a form of compensation; the recipient does not pay cash to acquire the shares and typically must remain employed until vesting dates to realize full ownership. This type of issuance is routine compensation for executives and does not, by itself, indicate a buy or sell recommendation.