Harter Ava 4

What Happened

• Ava Harter, Chief Legal Officer of Lam Research (LRCX), received equity awards on 2026-02-27 consisting of 7,106 restricted stock units (RSUs) and 8,685 performance-based RSUs (total 15,791 RSU-equivalents). These awards show an acquisition price of $0.00 (standard for RSUs).
• To satisfy tax withholding obligations, 1,988 shares were withheld on 2026-02-27 and 3,199 shares were withheld on 2026-03-27 (total withheld = 5,187 shares) at $233.89 per share, resulting in cash equivalents of $464,973 and $748,214 respectively (combined ~$1,213,187). These disposals are coded F (tax withholding).

Key Details

• Transaction dates and prices:
  • Awards (A): 02/27/2026 — 7,106 RSUs and 8,685 performance RSUs @ $0.00.
  • Tax withholding disposals (F): 02/27/2026 — 1,988 shares @ $233.89 ($464,973); 03/27/2026 — 3,199 shares @ $233.89 ($748,214).
• Total RSU-equivalents granted: 15,791. Total shares withheld for taxes: 5,187 (~$1.21M).
• Vesting/performance notes:
  • Time-based RSUs vest in three equal installments on 02/27/2027, 02/27/2028, and 02/27/2029 (F1).
  • Performance (market-based) RSUs vest 0%–150% on 02/27/2029 based on Lam’s TSR vs. the PHLX Semiconductor TR Index over 02/02/2026–02/01/2029 (F4).
  • Reported amounts include shares subject to unvested RSUs (F2).
• The disposals were automatic withholdings to satisfy tax liabilities (F3) — routine and not an open-market sale.
• Filing date: 2026-03-02 (as reported). The filing does not indicate a late-report flag.

Context

• These transactions are award grants and automatic tax withholdings, not open-market purchases or voluntary sales. Awards at $0.00 per share reflect standard RSU grants rather than cash purchases.
• Performance RSUs carry vesting tied to multi-year relative TSR performance; payoff could range from 0% to 150% of the target award depending on results.
• The filing excerpt does not show total shares beneficially owned after the transactions; reported totals include unvested awards.