Form 4: Lam Research Corp. Senior Vice President Neil J. Fernandes Reports Stock Sale

Neil J. Fernandes, Senior Vice President of Lam Research Corp, reports selling 1,620 shares of common stock at a price of $1,056.99 on July 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On July 12, 2024, Neil J. Fernandes, a Senior Vice President at Lam Research Corp (LRCX), sold 1,620 shares of common stock.
• The sale was executed at a price of $1,056.99 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 23, 2024.
• Following the transaction, Fernandes directly owns 5,237 shares of common stock, which includes unvested restricted stock units.
• Fernandes also indirectly owns 101.544 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a routine disclosure of a stock sale under a pre-arranged trading plan. There is no indication of positive or negative sentiment towards the company.

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. It is important to monitor these filings in aggregate to understand the sentiment of company insiders.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates