Form 4: Lattice Semiconductor SVP, Sales, Mark Jon Nelson, Reports Stock Transactions
SEC Form 4
Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, filed a Form 4 detailing changes in beneficial ownership.
- The transactions involve the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax withholding obligations.
- On August 17, 2024, 859 RSUs vested, and 428 shares were disposed of at $48.92.
- On August 18, 2024, 886 RSUs vested, and 442 shares were disposed of at $48.92.
- On August 19, 2024, 712 RSUs vested, and 355 shares were disposed of at $49.52.
- Nelson's total beneficial ownership of common stock after these transactions is 16,151 shares, which includes 365 shares acquired on June 30, 2024, under the Issuer's 2012 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
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.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the semiconductor industry to align executive incentives with company performance.
- Companies like AMD, Nvidia, and Intel also utilize RSUs and stock options as part of their compensation packages.
- The vesting schedules and tax withholding practices described in this filing are typical for RSU grants.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the total outstanding shares.
- The transactions do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| June 30, 2024 | Acquisition of 365 shares under the Employee Stock Purchase Plan |
| August 17, 2024 | Vesting of 859 RSUs and disposition of 428 shares |
| August 18, 2024 | Vesting of 886 RSUs and disposition of 442 shares |
| August 19, 2024 | Vesting of 712 RSUs and disposition of 355 shares |
| August 20, 2024 | Date of Form 4 signature |
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