LORD PATRICK J 4

What Happened

• Patrick J. Lord, Executive Vice President of Lam Research (LRCX), had a total of 39,955 shares withheld to satisfy tax withholding when restricted stock units (RSUs) vested on Feb 27, 2026. The shares were reported disposed under code F (tax withholding) at a price of $233.89 per share, with individual withholdings of 31,406 ($7,345,549), 2,325 ($543,794), 1,755 ($410,477) and 4,469 ($1,045,254). Total value of shares withheld ≈ $9.35 million. This is a routine tax-withholding event tied to RSU vesting, not an open-market sale driven by investment intent.

Key Details

• Transaction date: 2026-02-27; Report filed: 2026-03-02 (filed within typical 2-business-day window).
• Price per share reported: $233.89 for all withholdings.
• Shares withheld/disposed: 31,406; 2,325; 1,755; 4,469 — total 39,955 shares.
• Aggregate value withheld: ≈ $9,345,074.
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 — shares were automatically withheld upon RSU vesting to satisfy tax withholding; F2 — reported amount includes shares subject to unvested RSUs.
• Transaction code: F = payment of exercise price or tax liability (tax withholding).

Context

• This filing reflects tax withholding on vested RSUs (automatic retention of shares), not a discretionary open-market sale; such withholdings are common and primarily administrative. Because the filing shows withheld shares rather than a voluntary sale or purchase, it shouldn't be read as a direct signal of the insider's buying or selling conviction.