Form 4: Lattice Semiconductor Director John Forsyth Acquires Restricted Stock Units
SEC Form 4 Filing
Director John Forsyth of Lattice Semiconductor Corp. reports acquisition of restricted stock units (RSUs) convertible to common stock.
Summary
- On May 6, 2024, John Forsyth, a director of Lattice Semiconductor Corp., acquired 2,671 Restricted Stock Units (RSUs).
- Each RSU represents the right to receive one share of Lattice Semiconductor's common stock.
- These RSUs vest 100% on May 6, 2025.
- Following the transaction, Forsyth directly owns 4,292 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of RSUs by a director is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction.
Positives
- The acquisition of RSUs by a director signals confidence in the company's future performance.
Future Outlook
The vesting of the RSUs in May 2025 will result in the issuance of common stock to John Forsyth, aligning his interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in the semiconductor industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: John Forsyth acquired 2,671 Restricted Stock Units (RSUs). |
| 05/06/2025 | Vesting date: The 2,671 RSUs vest 100%. |
| 05/07/2024 | Date of Form 4 filing. |
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