Form 4: Lattice Semiconductor SVP, Sales, Mark Jon Nelson, Reports Stock Transactions
SEC Form 4 Filing
Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On January 31, 2025, Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, reported transactions involving common stock and Performance Restricted Stock Units (PRSUs).
- Nelson acquired 13,262 shares of common stock through the vesting of restricted stock units at no cost.
- 5,435 shares were withheld by Lattice Semiconductor to cover tax obligations related to the vesting of the restricted stock units at a price of $57.02 per share.
- Following these transactions, Nelson directly owns 91,116 shares of Lattice Semiconductor common stock.
- The reported transactions also involved Performance Restricted Stock Units (PRSUs), with 13,262 units vesting on January 31, 2025.
- Each PRSU represents the right to receive one share of Lattice Semiconductor's common stock.
- The PRSUs vest 13 months after the end of the associated measurement period, contingent upon achieving certain performance conditions.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and continued investment in the company.
Positives
- The vesting of restricted stock units and PRSUs indicates that Nelson is incentivized to contribute to the company's performance.
- Nelson maintains a significant direct ownership stake in Lattice Semiconductor, with 91,116 shares.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the semiconductor industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of the reported transactions (vesting of restricted stock units and PRSUs, tax withholding). |
| 02/04/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Lattice Semiconductor, LSCC, Mark Jon Nelson, SVP Sales, Restricted Stock Units, PRSU, Beneficial Ownership, Stock Transactions, Vesting
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