Form 4: Lattice Semiconductor Executive Esam Elashmawi Reports Stock Transactions

Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, reports the vesting of restricted stock units and subsequent tax withholding, resulting in adjustments to his beneficial ownership.

Summary

• On May 17, 2024, Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, reported the vesting of 859 Restricted Stock Units (RSUs).
• The company withheld 436 shares to cover tax obligations related to the vesting at a price of $72.96 per share.
• Following these transactions, Elashmawi directly owns 223,848 shares of Lattice Semiconductor.
• Similar transactions occurred on May 18 and May 19, 2024, with 886 and 784 RSUs vesting, respectively.
• Tax withholdings resulted in the disposal of 450 and 398 shares on those dates, respectively, at a price of $72.96 per share.
• After the May 18 and May 19 transactions, Elashmawi directly owns 224,284 and 224,670 shares, respectively.
• The RSUs vest over time, with 25% vesting on the first anniversary of the grant date and an additional 6.25% vesting every three months thereafter.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation, with no significant positive or negative implications.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Similar to other semiconductor companies like Xilinx (now AMD) and Altera (now Intel), Lattice Semiconductor uses RSUs as part of its executive compensation packages.
• The vesting schedules and tax withholding practices are generally consistent with industry norms for equity compensation.
• Executive stock ownership is a common metric tracked by investors to gauge alignment of interests between management and shareholders.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• The transactions have a minor impact on the company's outstanding shares due to tax withholding.

Key Dates