Form 4: Lattice Semiconductor Executive Reports Stock Transactions

A Lattice Semiconductor executive, Tracy Ann Feanny, reported the vesting and tax withholding of restricted stock units.

Summary

• Tracy Ann Feanny, a Senior Vice President and General Counsel at Lattice Semiconductor, reported transactions involving restricted stock units (RSUs) and common stock.
• On November 17, 2024, 683 RSUs vested, and 269 shares were withheld for tax obligations at a price of $49.23 per share, resulting in a net increase of 414 shares.
• On November 18, 2024, 214 RSUs vested, and 85 shares were withheld for tax obligations at a price of $50.15 per share, resulting in a net increase of 129 shares.
• The transactions resulted in a net increase of 543 shares of common stock held by the reporting person.
• The reporting person now holds 15,383 shares of common stock directly and 1,071 RSUs.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock transactions, which is neither positive nor negative. It is a neutral event that provides transparency.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.

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.
• Tax withholding practices are also standard, where a portion of shares are withheld to cover the tax liability associated with the vesting of RSUs.
• Companies like Xilinx (now part of AMD) and Intel also use similar RSU structures for executive compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
• The transactions do not have a material impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Lattice Semiconductor, stock transactions, restricted stock units, RSU, insider trading, Form 4, executive compensation, equity