Tamer Ford 4/A
Research Summary
AI-generated summary
Lattice Semiconductor (LSCC) CEO Tamer Ford Receives Award; Shares Withheld
What Happened
- Tamer Ford, President & CEO and Director of Lattice Semiconductor, was granted 9,682 incentive shares on 2026-03-09 (award, no purchase price). To satisfy tax withholding, 3,544 of those shares were retained/disposed by the issuer at an implied price of $90.63 per share, totaling about $321,193. This was an award (not a market purchase) and the withheld shares reflect routine tax withholding rather than an open-market sale.
Key Details
- Transaction dates: 2026-03-09 (grant and withholding); filing date: 2026-03-11 (Form 4/A amended).
- Grant: 9,682 shares acquired @ $0.00 (incentive award under the 2025 Corporate Incentive Plan).
- Withholding: 3,544 shares withheld/disposed @ $90.63 = ~$321,193 to cover tax liabilities.
- Shares owned after transaction: not disclosed in the excerpt provided.
- Footnotes: award equals incentive payment (no purchase price); withheld shares were retained by the issuer to meet tax withholding and were not in excess of the tax liability. Form 4 was amended to correct the transaction code from "S" (sale) to "F" (tax withholding).
- Timeliness: Filing appears timely (reporting period 2026-03-09; filed 2026-03-11).
Context
- This was an incentive award under the company's 2025 Corporate Incentive Plan, with a portion of shares withheld by the company to cover taxes (a common, routine practice). Such withholding is not the same as an open-market sale driven by sentiment; it simply satisfies tax obligations on the award. The amendment clarifies the nature of the withholding transaction.