4//SEC Filing
Fernandes Neil J 4
Accession 0000707549-25-000027
CIK 0000707549other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:20 PM ET
Size
14.3 KB
Accession
0000707549-25-000027
Insider Transaction Report
Form 4
Fernandes Neil J
Senior Vice President
Transactions
- Exercise/Conversion
Market-based Performance Restricted Stock Unit
2025-02-04−8,440→ 0 totalExercise: $0.00→ Common Stock (8,440 underlying) - Exercise/Conversion
Common Stock
2025-02-04+4,805→ 57,177 total
Holdings
- 1,015.419(indirect: By 401(k))
Common Stock
- 14,380
Market-based Performance Restricted Stock Unit
Exercise: $0.00→ Common Stock (14,380 underlying) - 20,090
Market-based Performance Restricted Stock Unit
Exercise: $0.00→ Common Stock (20,090 underlying) - 16,410
Employee Stock Option (Right to Buy)
Exercise: $98.15Exp: 2031-03-01→ Common Stock (16,410 underlying) - 11,760
Employee Stock Option (Right to Buy)
Exercise: $49.09Exp: 2030-03-01→ Common Stock (11,760 underlying)
Footnotes (7)
- [F1]On 03/01/2022, the Reporting Person received a target grant of 8,440 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.
Documents
Issuer
LAM RESEARCH CORP
CIK 0000707549
Entity typeother
Related Parties
1- filerCIK 0001966598
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:20 PM ET
- Size
- 14.3 KB