Form 4: Lam Research Executive VP Patrick Lord Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Executive Vice President Patrick J. Lord of Lam Research Corporation sold 60 shares of common stock at a price of $921.54 per share on April 29, 2024, under a pre-arranged trading plan.
Summary
- On April 29, 2024, Patrick J. Lord, an Executive Vice President at Lam Research Corporation, sold 60 shares of the company's common stock.
- The sale was executed at a price of $921.54 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted by Lord on October 27, 2023.
- Following the transaction, Lord beneficially owns 4,454 shares, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate compensation and financial planning. The use of a 10b5-1 plan suggests the executive is selling shares in a pre-planned manner to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2023-10-27 | Date of adoption of Rule 10b5-1 trading plan by Patrick J. Lord |
| 2024-04-29 | Date of stock sale transaction |
| 2024-04-30 | Date of signature of 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.