Form 4: Lam Research Executive Vice President Patrick Lord Sells Shares Under 10b5-1 Trading Plan

Executive Vice President of Lam Research, Patrick Lord, executed multiple sales of common stock on March 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Patrick Lord, an Executive Vice President at Lam Research, sold shares of the company's common stock on March 11, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on October 27, 2023.
• A total of 3,652 shares were sold in multiple transactions at varying prices.
• The prices ranged from $923.98 to $940.01 per share.
• Following the reported transactions, Lord still beneficially owns 4,514 shares of Lam Research common stock, which includes unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an executive under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by executives are a normal part of corporate compensation and wealth management. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on inside information.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price.
• The use of a 10b5-1 plan helps ensure transparency and avoids concerns about insider trading.

Key Dates