Form 4: Lattice Semiconductor Executive Esam Elashmawi Reports Stock Transactions

Lattice Semiconductor's SVP of Marketing and Strategy, Esam Elashmawi, reported the vesting of restricted stock units and subsequent tax withholding transactions.

Summary

• Esam Elashmawi, SVP of Marketing and Strategy at Lattice Semiconductor, reported a transaction involving restricted stock units (RSUs).
• On November 19, 2024, 784 RSUs vested, converting into 784 shares of common stock.
• A portion of the shares, specifically 398, were withheld by the company to cover tax obligations related to the vesting.
• The remaining 386 shares were added to Mr. Elashmawi's holdings.
• The price per share for the tax withholding was $48.58.
• Following these transactions, Mr. Elashmawi directly owns 227,548 shares of Lattice Semiconductor stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It's a standard process, hence a neutral to slightly positive sentiment.

Positives

• The vesting of RSUs indicates a form of compensation and incentive for the executive.
• The transaction is a routine part of executive compensation packages.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders who have transactions in their company's stock. It is common for executives to receive stock-based compensation, and the vesting of RSUs is a typical event.

Comparison to Industry Standards

• Stock-based compensation, including RSUs, is a common practice among publicly traded technology companies like Lattice Semiconductor.
• Companies such as Xilinx (now part of AMD) and Intel also use similar compensation methods for their executives.
• The vesting schedule of 25% on the first anniversary and then 6.25% quarterly is a fairly standard vesting schedule for RSUs.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The transaction is part of the executive's compensation package and is not expected to have a significant impact on the company's operations or financial position.

Key Dates

Keywords

Lattice Semiconductor, stock transaction, restricted stock units, RSU, executive compensation, Form 4, insider trading, Esam Elashmawi