Form 4: Lattice Semiconductor SVP, R&D, Pravin Desale, Reports Acquisition of Restricted Stock Units

Pravin Desale, SVP of R&D at Lattice Semiconductor, reported the acquisition of 60,797 restricted stock units (RSUs) and a total holding of 98,565 common stock and RSUs.

Summary

• Pravin Desale, Senior Vice President of Research and Development at Lattice Semiconductor, filed a Form 4 disclosing changes in beneficial ownership.
• The filing reports the acquisition of 60,797 Restricted Stock Units (RSUs) on December 17, 2024.
• These RSUs vest in two tranches: 50% on the first anniversary of the grant date and the remaining 50% on the second anniversary.
• Following this transaction, Desale's total holdings include 98,565 shares, which includes the newly awarded RSUs, 37,403 previously reported RSUs, and 365 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The acquisition of RSUs indicates continued alignment of management's interests with the company's performance.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

This filing is a routine disclosure of executive compensation in the form of equity, which is common practice in the technology industry to incentivize and retain key personnel.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as part of executive compensation is a standard practice among publicly traded technology companies.
• Vesting schedules, such as the two-year vesting period described, are also common to encourage long-term commitment and performance alignment.
• Companies like Xilinx (now part of AMD) and Intel also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The grant of RSUs aligns the executive's interests with those of shareholders, potentially encouraging actions that increase shareholder value.

Key Dates

Keywords

Form 4, Lattice Semiconductor, Restricted Stock Units, RSUs, Beneficial Ownership, Pravin Desale, Equity Incentive Plan, Executive Compensation