Form 4: Lattice Semiconductor CEO James Anderson Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Lattice Semiconductor's CEO, James Robert Anderson, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On May 22 and 23, 2024, James Robert Anderson, the President and CEO of Lattice Semiconductor Corp, engaged in transactions involving the company's common stock.
- Anderson exercised a non-qualified stock option to acquire 30,000 shares at a price of $8.24 per share on May 22, 2024.
- Concurrently, Anderson sold a total of 61,942 shares of common stock on May 22 and 23, 2024, at prices ranging from $74.62 to $78.05.
- These sales were executed under a pre-arranged 10b5-1 trading plan adopted on May 25, 2023.
- Following these transactions, Anderson directly owns 715,055 shares of Lattice Semiconductor Corp.
- Anderson also owns 114,363 non-qualified stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading strategy. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects. The use of 10b5-1 plans allows insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Sales under 10b5-1 plans are a standard practice among executives at publicly traded companies, including competitors like Xilinx (now part of AMD) and Altera (now part of Intel).
- The size and frequency of these transactions are typical for CEOs of companies with similar market capitalizations.
Stakeholder Impact
- The stock sales may have a minor impact on the stock price in the short term.
- Shareholders may interpret the transactions as a routine part of the executive's financial planning.
Key Dates
| Date | Description |
|---|---|
| 09/04/2019 | Date the Non-Qualified Stock Option became exercisable |
| 05/25/2023 | Adoption date of the 10b5-1 trading plan |
| 05/22/2024 | Date of stock option exercise and initial stock sales |
| 05/23/2024 | Date of additional stock sales |
| 09/04/2025 | Expiration date of the Non-Qualified Stock Option |
| 05/24/2024 | Date of Form 4 filing |
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