Form 4: Lattice Semiconductor Interim CFO Tonya Stevens Reports Tax Withholding Share Transaction

Tonya Stevens, Interim CFO of Lattice Semiconductor, reports a transaction where shares were retained by the issuer to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On November 6, 2024, Tonya Stevens, the Interim CFO of Lattice Semiconductor Corp, reported a transaction on Form 4.
• The transaction involved 119 shares of common stock retained by the issuer to cover tax withholding obligations related to the vesting of restricted stock units at a price of $54.17 per share.
• Following the transaction, Stevens directly owns 80,125 shares of Lattice Semiconductor Corp.
• The shares were retained by the issuer to meet tax withholding obligations, and the amount retained did not exceed the tax liability.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the vesting of restricted stock units.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It reflects the standard practice of withholding shares to cover taxes upon the vesting of restricted stock units.

Comparison to Industry Standards

• Tax withholding practices related to stock-based compensation are standard across publicly traded companies.
• Companies like AMD, Intel, and Xilinx also report similar transactions by their executives related to RSU vesting and tax obligations.
• The number of shares withheld and the price per share are dependent on the individual's tax bracket and the company's stock price at the time of vesting.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for tax withholding.
• It assures employees that the company is adhering to tax regulations regarding stock-based compensation.

Key Dates