0001415889-23-004952.txt : 20230315
0001415889-23-004952.hdr.sgml : 20230315
20230315164007
ACCESSION NUMBER: 0001415889-23-004952
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230313
FILED AS OF DATE: 20230315
DATE AS OF CHANGE: 20230315
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Devasahayam Adrian
CENTRAL INDEX KEY: 0001811702
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-16244
FILM NUMBER: 23735807
MAIL ADDRESS:
STREET 1: C/O VEECO INSTRUMENTS
STREET 2: 1 TERMINAL DRIVE
CITY: PLAINVIEW
STATE: NY
ZIP: 11803
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
form4-03152023_040301.xml
X0306
4
2023-03-13
0000103145
VEECO INSTRUMENTS INC
VECO
0001811702
Devasahayam Adrian
C/O VEECO INSTRUMENTS INC.
1 TERMINAL DRIVE
PLAINVIEW
NY
11803
false
true
false
false
SVP - PRODUCT LINE DEVELOPMENT
Common Stock
2023-03-13
4
F
0
1448
20.82
D
61080.76
D
Common Stock
2023-03-14
4
F
0
1387
20.51
D
59693.76
D
Restricted Stock Unit
2023-03-13
4
A
0
8400
0
A
common stock
8400
8400
D
Performance Based Restricted Stock Unit
2023-03-13
4
A
0
15600
0
A
common stock
15600
15600
D
Represents securities surrendered to Veeco to satisfy tax withholding obligations due upon the vesting of restricted stock.
Each restricted stock unit represents a contingent right to receive one share of Veeco common stock.
These restricted stock units (RSUs) were acquired pursuant to an award under the Veeco Instruments 2019 Stock Incentive Plan and are subject to certain restrictions. These restrictions will lapse with respect to 1/3 of such RSUs on each of the first, second and third anniversaries of the date of grant. Vested shares of Veeco common stock will be delivered to the reporting person on the vesting date.
On March 13, 2023, the reporting person was granted the contingent right to receive 15,600 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.
/s/ Kirk W. Mackey, Attorney-in-Fact
2023-03-15