Summary by Futu AI
Rani Borkar, associated with Applied Materials Inc. (AMAT), was granted 1,128 shares of common stock on March 7, 2024. The transaction was completed at no cost to the recipient, indicating it was likely an award or grant. Following this transaction, Borkar directly owns a total of 1,128 shares. Additionally, there is an indirect ownership of 6,488 shares held by a family trust. This grant could be indicative of the company's compensation strategy for its key personnel.