Feanny Tracy Ann 4/A
Research Summary
AI-generated summary
Lattice (LSCC) SVP Feanny Receives Award; Shares Withheld for Taxes
What Happened
- Feanny Tracy Ann, Senior Vice President and General Counsel of Lattice Semiconductor (LSCC), received an incentive award of 3,509 shares on 2026-03-09 (awarded at $0.00). To satisfy tax withholding obligations, 1,381 of those shares were retained (disposed) by the issuer at $90.63 per share, equal to $125,160.
- This filing is an amendment to correct the transaction code to reflect that the shares were withheld for tax purposes rather than an ordinary sale.
Key Details
- Transaction dates and prices:
- 2026-03-09: Award/acquisition of 3,509 shares @ $0.00 (incentive award).
- 2026-03-09: Issuer withheld 1,381 shares @ $90.63 (treated as disposed) to cover tax withholding = $125,160.
- Shares owned after the transaction: not specified in the amended Form 4.
- Notable footnotes:
- Award granted under the Company's 2025 Corporate Incentive Plan (F1).
- No purchase price for the incentive shares (F2).
- Shares were retained by the issuer to meet the reporting person's tax withholding obligations and the amount withheld did not exceed the tax liability (F3).
- This Form 4/A amends the previously reported transaction code from "S" to "F" to correctly indicate tax withholding (F4).
- Filing status: This is an amended Form 4; the original reported transaction date was 2026-03-09 and amendment filed 2026-03-11.
Context
- This was an equity award (incentive payment) with a cashless-like outcome: rather than the insider selling shares on the market, the company retained a portion of the award to cover taxes (common for incentive/share-based compensation). Such withholding transactions are routine tax-related actions and do not necessarily indicate a change in the insider’s view of the company.