Form 4: Lattice Semiconductor Executive Receives Stock Grant

Tracy Ann Feanny, SVP and General Counsel at Lattice Semiconductor, received a grant of 34,741 restricted stock units (RSUs).

Summary

• Tracy Ann Feanny, a Senior Vice President and General Counsel at Lattice Semiconductor, has reported a transaction involving the acquisition of company stock.
• The transaction, dated December 17, 2024, involved the grant of 34,741 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.
• Following this transaction, Ms. Feanny's total holdings include 73,004 shares, which includes the newly awarded RSUs, previously reported RSUs, and shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management interests with shareholders. There are no negative implications.

Positives

• The grant of RSUs aligns the executive's interests with the company's long-term performance.
• The vesting schedule encourages continued service and commitment 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, similar to companies like AMD, Nvidia, and Intel.
• The vesting schedule of 50% after one year and 50% after two years is a typical vesting structure for RSUs in the tech sector.
• The size of the grant is likely based on the executive's role, performance, and the company's overall compensation strategy, which is consistent with industry norms.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of shareholders, potentially leading to increased focus on long-term value creation.
• The vesting schedule may encourage the executive to remain with the company, providing stability and continuity.

Key Dates

Keywords

Lattice Semiconductor, Restricted Stock Units, RSUs, Equity Incentive Plan, Stock Grant, Executive Compensation, SEC Form 4, Insider Trading