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

Tracy Feanny, SVP, General Counsel of Lattice Semiconductor, reports the vesting and subsequent tax withholding of shares related to Restricted Stock Units (RSUs).

Summary

• On August 17 and 18, 2024, Tracy Feanny, SVP, General Counsel of Lattice Semiconductor, reported transactions involving common stock related to the vesting of Restricted Stock Units (RSUs).
• On August 17, 684 shares vested, and on August 18, 214 shares vested.
• The company withheld 270 and 85 shares respectively to cover tax obligations at a price of $48.92 per share.
• Following these transactions, Feanny directly owns 12,963 shares of Lattice Semiconductor common stock.
• The RSUs vest over time, with 25% vesting on the first anniversary of the grant date and an additional 6.25% vesting every three months thereafter.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure of information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Lattice Semiconductor, similar to filings made by executives at comparable companies such as Xilinx (now part of AMD) and Altera (now part of Intel).
• The vesting schedules of RSUs, such as the 25% initial vesting followed by quarterly vesting, are typical in the semiconductor industry to incentivize long-term performance and retention.

Stakeholder Impact

• Shareholders are informed about insider transactions, providing transparency into executive compensation and stock ownership.
• The transactions have a minor impact on the overall share supply due to the vesting and subsequent withholding for taxes.

Key Dates