Applied Materials Director Akash J. Palkhiwala Receives Initial Equity Grant

Executive Summary

On August 31, 2026, Applied Materials, Inc. ($AMAT) filed a Form 4 detailing an equity award granted to newly appointed Director Akash J. Palkhiwala. On August 27, 2026, Mr. Palkhiwala received an automatic initial grant of 279 restricted stock units (RSUs) at $0 per share under the company's Employee Stock Incentive Plan.

Transaction Breakdown

• Security: Common Stock (Restricted Stock Units)
• Shares Granted: 279 shares
• Transaction Code: A (Grant / Award)
• Cost Basis: $0.00
• Post-Transaction Beneficial Ownership: 279 shares directly held
• Vesting Terms: Scheduled to vest on March 1, 2027, subject to continued service on the Board. Per director election, vested units will convert on a 1-for-1 basis into common stock payable upon separation of service.

Market & Trading Significance

This transaction carries Low trading significance. It reflects standard non-employee director compensation upon appointment to the Board rather than an open-market purchase or sale.