Applied Materials SVP Timothy M. Deane Disposes Shares for Tax Withholding

Executive Summary

On October 5, 2026, Timothy M. Deane, Senior Vice President of Applied Global Services at Applied Materials, Inc. ($AMAT), filed a Form 4 disclosing the disposition of 2,644 shares of common stock on October 1, 2026. The transaction value totaled approximately $1.40 million at an execution price of $529.30 per share.

Transaction Details

• Nature of Transaction: The shares were withheld automatically (Transaction Code 'F') to satisfy tax withholding obligations triggered by the vesting of restricted stock units (RSUs). This is an exempt transaction under Rule 16b-3 and not an open-market sale.
• Holdings Post-Transaction: Following the disposition, Deane beneficially owns 130,462 shares directly. This count includes 59,726 performance share units (PSUs) and RSUs scheduled to vest through December 2028, as well as periodic acquisitions via the company's Employee Stock Purchase Plan (ESPP).

Market & Trading Significance

This transaction represents a routine, non-discretionary tax withholding event rather than an active trading decision or directional sentiment on the company's valuation. Consequently, its predictive trading significance is Low.