0001179110-22-002344.txt : 20220321
0001179110-22-002344.hdr.sgml : 20220321
20220321162226
ACCESSION NUMBER: 0001179110-22-002344
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220317
FILED AS OF DATE: 20220321
DATE AS OF CHANGE: 20220321
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KIERNAN JOHN P
CENTRAL INDEX KEY: 0001251708
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-16244
FILM NUMBER: 22755955
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VEECO INSTRUMENTS INC
CENTRAL INDEX KEY: 0000103145
STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559]
IRS NUMBER: 112989601
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TERMINAL DRIVE
CITY: PLAINVIEW
STATE: NY
ZIP: 11803
BUSINESS PHONE: 516 677-0200
MAIL ADDRESS:
STREET 1: TERMINAL DRIVE
CITY: PLAINVIEW
STATE: NY
ZIP: 11803
FORMER COMPANY:
FORMER CONFORMED NAME: VACUUM ELECTRONIC MANUFACTURING CORP
DATE OF NAME CHANGE: 19700408
4
1
edgar.xml
FORM 4 -
X0306
4
2022-03-17
0
0000103145
VEECO INSTRUMENTS INC
VECO
0001251708
KIERNAN JOHN P
VEECO INSTRUMENTS INC.,
TERMINAL DRIVE
PLAINVIEW
NY
11803
0
1
0
0
SVP & CFO
Common Stock
2022-03-17
4
F
0
697
28.79
D
61886
D
Common Stock
2022-03-17
4
A
0
14000
0
A
75886
D
Restricted Stock Unit
0
2022-03-17
4
A
0
26000
0
A
Common Stock
26000
26000
D
Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
These shares were acquired pursuant to a restricted stock award under the Veeco Instructions Inc. 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to one-third of such shares on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued service through such dates.
On March 17, 2022, the reporting person was granted the contingent right to receive 26,000 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. If the Criteria are not achieved, the award will be forfeited. Subject to having been earned, vested shares will be delivered to the reporting person on the date specified in the award agreement, but in no case earlier than the third anniversary of the grant date.
Kirk W. Mackey, Attorney-in-fact
2022-03-21