LORD PATRICK J 4
4 · LAM RESEARCH CORP · Filed Feb 6, 2025
Insider Transaction Report
Form 4
LORD PATRICK J
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2025-02-04+17,309→ 62,261 total - Exercise/Conversion
Market-based Performance Restricted Stock Unit
2025-02-04−30,400→ 0 totalExercise: $0.00→ Common Stock (30,400 underlying)
Holdings
- 10,130
Employee Stock Option (Right to Buy)
Exercise: $54.06Exp: 2029-03-01→ Common Stock (10,130 underlying) - 31,850
Market-based Performance Restricted Stock Unit
Exercise: $0.00→ Common Stock (31,850 underlying) - 42,230
Market-based Performance Restricted Stock Unit
Exercise: $0.00→ Common Stock (42,230 underlying) - 28,140
Employee Stock Option (Right to Buy)
Exercise: $49.09Exp: 2030-03-01→ Common Stock (28,140 underlying) - 31,830
Employee Stock Option (Right to Buy)
Exercise: $98.15Exp: 2031-03-01→ Common Stock (31,830 underlying)
Footnotes (8)
- [F1]On 03/01/2022, the Reporting Person received a target grant of 30,400 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/01/2025. The vesting of this award is based on the total return stock price performance of Lam Research shares (assuming reinvestment of dividends) relative to the market price performance of the PHLX Semiconductor Sector Total Return Index, comparing the 50-trading day trailing average closing price over the performance period from 02/01/2022 through 01/31/2025.
- [F2]The amount reported includes shares subject to unvested restricted stock units.
- [F3]The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2025. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2022 through 01/31/2025.
- [F4]The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2026. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2023 through 01/31/2026.
- [F5]The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2027. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2024 through 01/31/2027.
- [F6]The stock options will become exercisable in three equal installments on 03/01/2024, 03/01/2025, and 03/01/2026.
- [F7]The stock options will become exercisable in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.
- [F8]The stock options will become exercisable in three equal installments on 03/01/2023, 03/01/2024, and 03/01/2025.