Form 4: Lattice Semiconductor SVP, General Counsel, Tracy Ann Feanny Reports Stock Transactions

Tracy Ann Feanny, SVP, General Counsel of Lattice Semiconductor, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership.

Summary

• On May 17, 2024, Tracy Ann Feanny, SVP, General Counsel of Lattice Semiconductor, had 683 Restricted Stock Units (RSUs) vest, which were then converted to common stock.
• Also on May 17, 2024, 269 shares of common stock were withheld by the issuer to cover tax obligations related to the RSU vesting at a price of $72.96 per share.
• Following these transactions, Ms. Feanny directly owned 12,658 shares of common stock.
• On May 18, 2024, 214 Restricted Stock Units (RSUs) vested, which were then converted to common stock.
• Also on May 18, 2024, 85 shares of common stock were withheld by the issuer to cover tax obligations related to the RSU vesting at a price of $72.96 per share.
• Following these transactions, Ms. Feanny directly owned 12,787 shares of common stock.
• After these transactions, Ms. Feanny directly owns 27,257 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders, which is important for maintaining investor confidence.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the semiconductor industry to attract and retain talent.
• Companies like AMD, Nvidia, and Intel also grant RSUs to their executives, with similar vesting schedules and tax withholding practices.
• The vesting schedule of 25% on the first anniversary and then 6.25% quarterly is a fairly standard vesting schedule.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they primarily reflect the vesting of previously granted compensation.
• Employees who are also RSU holders may see this as a standard part of the company's compensation practices.

Key Dates