Form 4: Lattice Semiconductor SVP Tracy Feanny Reports Stock Transactions

Tracy Feanny, SVP and General Counsel of Lattice Semiconductor, reports the vesting of restricted stock units and performance restricted stock units, along with associated tax withholding.

Summary

• On November 3, 2024, Tracy Feanny, SVP and General Counsel of Lattice Semiconductor, reported transactions involving common stock related to the vesting of restricted stock units (RSUs) and performance restricted stock units (PRSUs).
• 554 RSUs vested, and 2,541 PRSUs vested due to the achievement of 86.01% of the performance conditions.
• The company withheld 218 and 1,000 shares of common stock, respectively, to cover tax obligations related to the vesting of the RSUs and PRSUs, priced at $52.27 per share.
• Following these transactions, Feanny directly owns 14,840 shares of common stock and 2,215 RSUs.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment. The vesting of stock options and units is generally a positive event for the individual, but it doesn't necessarily reflect the overall health or future prospects of the company.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which is a common practice for 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 in the US, ensuring transparency of insider transactions.
• Companies like AMD, Nvidia, and Intel also have executives who regularly file Form 4s to report similar transactions related to stock options and restricted stock units.

Stakeholder Impact

• The vesting of RSUs and PRSUs impacts the reporting person's holdings in the company.
• Shareholders may view insider transactions as a signal of management's confidence in the company, but routine vesting is generally not considered a significant event.

Key Dates