Form 4: Lam Research Corp Executive Christina Correia Reports Stock Sale
SEC Form 4 Filing
Christina Correia, CVP and Chief Accounting Officer of Lam Research Corp, reports selling 647 shares of common stock at $817.51 per share on October 1, 2024, under a pre-arranged trading plan.
Summary
- On October 1, 2024, Christina Correia, the Chief Accounting Officer of Lam Research Corp (LRCX), sold 647 shares of common stock.
- The sale was executed at a price of $817.51 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 4, 2023.
- Following the transaction, Correia directly owns 4,267 shares, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan, indicating no specific positive or negative outlook.
Industry Context
Insider transactions are routinely monitored to gauge executive sentiment and potential future performance, but sales under 10b5-1 plans are less informative.
Stakeholder Impact
- The stock sale by an executive could have a minor psychological impact on shareholders, but the effect is likely minimal due to the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 2023-08-04 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-10-01 | Date of stock sale transaction |
| 2024-10-02 | Date of signature for the Form 4 filing |
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