Form 4: Lam Research Executive Christina Correia Sells 647 Shares Under 10b5-1 Plan

Christina Correia, CVP and Chief Accounting Officer of Lam Research, sold 647 shares of common stock at a price of $972.03 per share on April 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2024, Christina Correia, the CVP and Chief Accounting Officer of Lam Research, sold 647 shares of the company's common stock.
• The sale was executed at a price of $972.03 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan that was adopted on August 4, 2023.
• Following the transaction, Correia directly owns 5,541 shares of Lam Research, including unvested restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares at predetermined times to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates