VEECO INSTRUMENTS INC

For the period ended May 9, 2024. Filed Mar 21, 2024.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 9, 2024 · Filed Mar 21, 2024

VECO$37.19+11.8%Stored close · as of Nov 6, 2026

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Contents

Summary Compensation Table

The following table sets forth a summary of annual and long-term compensation awarded to, earned by, or paid for the fiscal year ended December 31, 2023 to (a) the principal executive officer of Veeco, (b) the principal financial officer of Veeco, and (c) each of the three next most highly-compensated executive officers (as defined in Rule 3b-7 under the Exchange Act) of Veeco serving at the end of the year (the “NEOs”).


William J. Miller		2023		633,400		—		3,531,188		—		434,069		12,347		4,611,004
CEO		2022		618,077		—		4,741,020		—		535,990		19,797		5,914,884
		2021		590,385		—		3,122,580		—		793,459		20,077		4,526,501
John P. Kiernan		2023		418,400		—		762,737		—		195,498		13,664		1,390,299
SVP, CFO		2022		404,231		—		1,580,340		—		251,228		22,394		2,258,193
		2021		379,231		—		910,753		—		338,250		21,332		1,649,566
Adrian Devasahayam		2023		383,400		—		677,988		—		145,107		11,142		1,217,637
SVP, Product Line Mgmt.		2022		371,539		—		987,713		—		179,230		19,572		1,558,054
	2021		356,539		—		780,645		—		255,698		19,902		1,412,784
Peter Porshnev		2023		418,400		—		677,988		—		158,353		13,739		1,268,480
SVP, Unified Engineering		2022		406,539		—		987,713		—		195,958		20,802		1,611,012
	2021		392,693		—		780,645		—		280,558		20,105		1,474,001
Susan Wilkerson		2023		408,400		—		677,988		—		186,054		31,576		1,304,018
SVP, Global Sales & Services		2022		396,539		—		987,713		—		245,100		22,119		1,651,471
	2021		382,692		—		780,645		—		341,819		17,901		1,523,057

(1)

Reflects awards of restricted stock with time-based vesting and performance-based restricted stock units (“PRSUs”). The vesting of the PRSUs awarded in 2023 to the NEOs is based on three-year total shareholder return. In accordance with SEC rules, the amounts shown above reflect the grant date fair value of the stock awards computed in accordance with ASC Topic 718 which, in the case of the 2023 PRSUs with vesting based on three-year total shareholder return, was determined using the Monte Carlo simulation method. Assumptions used in the calculation of these amounts are included in Note 13 to our audited financial statements for the fiscal year ended December 31, 2023, which are included in our Annual Report on Form 10-K. For 2023, the amounts shown in the table above relate to the following stock awards:

· · Restricted Stock Awards · ·
· · Grant Date · · · · Grant Date Fair Value · · · · Name · · · · Number of Shares · ·
	03/13/2023(a)	$32.25	W. Miller	81,250
	03/13/2023		J. Kiernan	17,550
	03/13/2023		A. Devasahayam	15,600
	03/13/2023		P. Porshnev	15,600
	03/13/2023		S. Wilkerson	15,600
	03/13/2023(b)	$20.82	W. Miller	43,750
	03/13/2023		J. Kiernan	9,450
	03/13/2023		A. Devasahayam	8,400
	03/13/2023		P. Porshnev	8,400
	03/13/2023		S. Wilkerson	8,400

(a)

Reflects PRSU awards that are subject to the achievement of designated performance criteria, based on three-year total shareholder return. These PRSU awards are valued based upon the Monte Carlo simulation method.

(b)

Reflects time-based restricted stock awards, with vesting to occur one-third per year on each of the first, second and third anniversaries of the grant date.

(2)

Reflects cash bonuses earned under the Company’s Management Bonus Plan. Bonuses listed for a particular year represent amounts earned with respect to such year even though all or part of such amounts may have been paid during the following year.

(3)

As detailed in the table below, all Other Compensation for 2023 consists of, as applicable, 401(k) matching contributions, premiums for group term life insurance, wellness incentives under the Company’s health benefit plans, and other compensation noted below.


W. Miller	9,900	2,322	125	12,347
J. Kiernan	9,900	3,564	200	13,664
A. Devasahayam	9,900	1,242	—	11,142
P. Porshnev	9,900	3,564	275	13,739
S. Wilkerson	9,900	3,564	125	31,576(a)

(a)

For Ms. Wilkerson, this total includes disqualifying distributions totaling $17,987 arising in connection with sales of stock acquired under the Company’s Employee Stock Purchase Plan prior to the conclusion of the applicable holding period. The amount reported here represents the difference between the fair market value on the date of purchase and the cost paid by Ms. Wilkerson, and is treated as ordinary income.

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