Form 4: Lattice Semiconductor Executive Sells Shares to Cover Tax Obligations

Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, disposed of shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 16, 2025, Esam Elashmawi, SVP of Marketing & Strategy at Lattice Semiconductor, disposed of 2,368 shares of common stock at a price of $64.42.
• On February 17, 2025, Mr. Elashmawi disposed of an additional 437 shares of common stock, also at $64.42.
• These transactions were executed to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Elashmawi beneficially owns 302,885 shares of Lattice Semiconductor.
• The disposals were conducted to meet tax liabilities associated with the vesting of restricted stock units, and the amount retained by the issuer was not in excess of the tax liability.

Sentiment

Score: 5

Explanation: The document reflects a neutral event (tax-related share disposal) with no inherent positive or negative implications for the company's overall performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are regularly observed among executives at comparable semiconductor companies such as Xilinx (now AMD), Intel, and Microchip Technology.
• These companies also utilize restricted stock units as part of their compensation packages, leading to similar patterns of share disposals for tax purposes.
• The volume of shares sold is relatively small compared to the executive's overall holdings, which is typical in these situations.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine event related to executive compensation.
• Employees may be indirectly affected as these transactions are part of the overall compensation structure.

Key Dates

Keywords

Lattice Semiconductor, LSCC, Esam Elashmawi, Form 4, Share Disposal, Tax Withholding, Restricted Stock Units, Beneficial Ownership, Insider Trading