Form 4: Lattice Semiconductor SVP, Sales, Mark Jon Nelson, Reports Stock Transactions

Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of common stock.

Summary

• Mark Jon Nelson, SVP of Sales at Lattice Semiconductor, reported transactions involving restricted stock units (RSUs) and common stock.
• On May 17, 2024, 859 RSUs vested, and 436 shares were withheld by the issuer to cover tax obligations at a price of $72.96 per share, resulting in a net increase of 423 shares.
• On May 18, 2024, 886 RSUs vested, and 450 shares were withheld for taxes at $72.96 per share, resulting in a net increase of 436 shares.
• On May 19, 2024, 713 RSUs vested, and 362 shares were withheld for taxes at $72.96 per share, resulting in a net increase of 351 shares.
• Following these transactions, Nelson directly owns 15,764 shares of Lattice Semiconductor common stock and 36,435 RSUs.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider transactions, which are neither overwhelmingly positive nor negative. The vesting of RSUs is a positive sign of continued employment and performance.

Positives

• The vesting of RSUs indicates that Nelson is meeting the conditions of his equity compensation plan.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Equity compensation is a standard practice in the semiconductor industry to align executive interests with shareholder value.
• 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 are generally consistent across the industry.

Stakeholder Impact

• Shareholders may view the vesting of RSUs as a sign of continued alignment between management and shareholder interests.
• Employees may see this as a standard part of the company's compensation practices.

Key Dates