Form 4: Lattice Semiconductor Executive Esam Elashmawi Reports Stock Transactions
SEC Form 4 Filing
Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, reports the acquisition and disposal of company stock to cover tax obligations and vesting of restricted stock units.
Summary
- Esam Elashmawi, a Senior Vice President at Lattice Semiconductor Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, 450 shares of common stock were disposed of at $67.24 to cover tax withholding obligations.
- Also on February 18, 2025, 18,950 shares were acquired upon the vesting of performance-based restricted stock units (PRSUs) granted on February 18, 2022.
- An additional 9,623 shares were disposed of on February 18, 2025, at $67.24 for tax obligations.
- On February 19, 2025, 399 shares were disposed of at $68.78 for tax obligations.
- Following these transactions, Elashmawi directly owns 311,363 shares of Lattice Semiconductor Corp.
- The filing was signed by Tracy Feanny, Attorney in Fact, on February 20, 2025.
Sentiment
Score: 5
Explanation: The document primarily reports routine stock transactions related to executive compensation and tax obligations. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The vesting of 18,950 performance-based restricted stock units (PRSUs) suggests that performance criteria were met, which could be viewed positively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the buying and selling activities of company executives and directors. This filing indicates transactions related to compensation and tax obligations, which are common occurrences.
Comparison to Industry Standards
- Stock transactions to cover tax obligations upon vesting of restricted stock units are a standard practice across publicly traded companies.
- The reporting requirements and format of Form 4 filings are consistent across all companies subject to SEC regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date performance based restricted stock units (PRSUs) were granted to the Reporting Person |
| 02/18/2025 | Date of stock disposal and acquisition related to tax obligations and vesting of PRSUs. |
| 02/19/2025 | Date of stock disposal related to tax obligations. |
| 02/20/2025 | Date of signature of the Form 4 filing. |
Keywords
Form 4, Lattice Semiconductor, LSCC, Esam Elashmawi, Stock Transactions, Beneficial Ownership, PRSUs, Restricted Stock Units, Tax Withholding
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