Form 4: Lattice Semiconductor Executive Esam Elashmawi Reports Stock Transactions

Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, reported the vesting and tax withholding of restricted stock units.

Summary

• Esam Elashmawi, a Senior Vice President at Lattice Semiconductor, filed a Form 4 detailing transactions involving restricted stock units (RSUs).
• On November 17, 2024, 859 RSUs vested, and 436 shares were withheld for tax obligations.
• On November 18, 2024, 885 RSUs vested, and 449 shares were withheld for tax obligations.
• The transactions did not involve any purchase price for the RSUs.
• The vesting schedule for the RSUs is 25% on the first anniversary of the grant date, followed by 6.25% every three months thereafter.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative events. It is a routine filing.

Positives

• The vesting of RSUs indicates continued compensation and alignment of interests for the executive.
• The tax withholding process ensures compliance with tax regulations.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• The vesting schedule of 25% on the first anniversary and 6.25% quarterly thereafter is a fairly standard vesting schedule for RSUs in the technology industry.
• Many companies such as AMD, Intel, and Nvidia use similar RSU structures for executive compensation.
• The tax withholding process is also standard practice to ensure compliance with tax regulations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The vesting of RSUs aligns the executive's interests with those of the shareholders.

Key Dates

Keywords

Lattice Semiconductor, RSU, Restricted Stock Units, Form 4, Insider Trading, Stock Vesting, Executive Compensation, Tax Withholding