Form 4: Lattice Semiconductor Executive Receives Stock Grant

Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, was granted 20,844 restricted stock units (RSUs).

Summary

• Esam Elashmawi, a Senior Vice President at Lattice Semiconductor, received a grant of 20,844 restricted stock units (RSUs).
• These RSUs will vest over two years, with 50% vesting on the first anniversary of the grant date and the remaining 50% vesting on the second anniversary.
• The grant was made under the company's 2023 Equity Incentive Plan.
• Following this transaction, Mr. Elashmawi's total holdings include 300,408 shares, which includes the newly awarded RSUs, previously reported RSUs, and common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice, which is generally positive for aligning interests but not a major market-moving event.

Positives

• The grant of RSUs aligns the executive's interests with the company's long-term performance.
• The vesting schedule encourages continued service and contribution from the executive.

Industry Context

This type of equity grant is a common practice in the technology industry to incentivize and retain key executives.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in the semiconductor industry.
• Companies like AMD, Nvidia, and Intel also use RSUs and stock options to align executive interests with shareholder value.
• The vesting schedule of 50% after one year and 50% after two years is a typical vesting structure for such grants.

Stakeholder Impact

• The RSU grant aligns executive interests with shareholder value.
• The vesting schedule encourages long-term commitment from the executive.

Key Dates

Keywords

restricted stock units, RSUs, equity incentive plan, stock grant, executive compensation, Lattice Semiconductor, insider trading, Form 4