Form 4: Lam Research Executive Vahid Vahedi Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Vahid Vahedi of Lam Research reports the vesting of market-based performance restricted stock units and adjustments for a stock split.
Summary
- Vahid Vahedi, a Senior Vice President at Lam Research, filed a Form 4 detailing changes in beneficial ownership.
- The report includes the vesting of 14,542 shares of common stock on February 4, 2025, related to market-based performance restricted stock units.
- The vesting of these units is contingent on Lam Research's total shareholder return relative to the PHLX Semiconductor Sector Total Return Index.
- The report also reflects an adjustment for a ten-for-one forward stock split effective after market close on October 2, 2024.
- Vahedi directly owns 296,344 shares of common stock following the reported transactions, which includes unvested restricted stock units.
- Vahedi also holds various employee stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting of stock options and restricted stock units can impact employee morale and retention.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Initial vesting date for some stock options. |
| 02/01/2022 01/31/2025 | Performance period for Market-based Performance Restricted Stock Units vesting on 03/01/2025. |
| 03/01/2023 | Vesting date for some stock options. |
| 02/01/2023 01/31/2026 | Performance period for Market-based Performance Restricted Stock Units vesting on 03/01/2026. |
| 03/01/2024 | Vesting date for some stock options. |
| 02/01/2024 01/31/2027 | Performance period for Market-based Performance Restricted Stock Units vesting on 03/01/2027. |
| 10/02/2024 | Effective date of the ten-for-one forward stock split. |
| 03/01/2025 | Vesting date for Market-based Performance Restricted Stock Units and some stock options. |
| 02/04/2025 | Date of the reported transaction (vesting of stock). |
| 03/01/2026 | Vesting date for Market-based Performance Restricted Stock Units and some stock options. |
| 03/01/2027 | Vesting date for Market-based Performance Restricted Stock Units and some stock options. |
| 03/01/2028 | Expiration date for some stock options. |
| 03/01/2029 | Expiration date for some stock options. |
| 03/01/2030 | Expiration date for some stock options. |
| 03/01/2031 | Expiration date for some stock options. |
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