Form 4: Lam Research Corp Executive Sells Shares
SEC Form 4 Filing
George M. Schisler, Chief Legal Officer of Lam Research Corp, sold 400 shares of common stock at a price of $908.21 on May 3, 2024.
Summary
- On May 3, 2024, George M. Schisler, the Chief Legal Officer of Lam Research Corp, sold 400 shares of common stock.
- The sale price was $908.21 per share.
- Following the transaction, Schisler directly owns 5,661 shares of common stock, which includes shares subject to unvested restricted stock units.
- Schisler also indirectly owns 1,878.834 shares through a 401k.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive may be perceived differently by stakeholders.
- Some may view it as a lack of confidence in the company's future, while others may see it as a normal part of personal financial management.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of transaction: Sale of 400 shares of common stock. |
| 05/06/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.