Vahedi Vahid 4

What Happened

• Vahid Vahedi, Senior Vice President at Lam Research (LRCX), had shares withheld/disposed to satisfy tax withholding tied to restricted stock unit (RSU) vesting. On 2026-02-27 and 2026-03-27, a total of 32,974 shares were disposed at a reported per-share price of $233.89, generating approximately $7,712,289 in value.
• At the same time he was credited with RSU awards: 9,053 shares (acquired 02/27/2026) and an additional 11,065-share award reported as a derivative grant. These awards carry standard vesting and performance terms noted below.

Key Details

• Transaction dates and prices:
  • 02/27/2026: 24,675 shares withheld/disposed @ $233.89 = $5,771,236
  • 02/27/2026: 2,994 shares withheld/disposed @ $233.89 = $700,267
  • 02/27/2026: 1,923 shares withheld/disposed @ $233.89 = $449,770
  • 03/27/2026: 3,382 shares withheld/disposed @ $233.89 = $791,016
  • 02/27/2026: 9,053 RSU award acquired @ $0.00 (grant)
  • 02/27/2026: 11,065 RSU-related derivative award acquired @ $0.00
• Nature of transaction: Disposals labeled "F" — shares were automatically withheld to satisfy tax withholding obligations upon RSU vesting (not an open-market discretionary sale).
• Shares owned after transaction: Not specified in the provided extract; filing notes the reported amount includes shares subject to unvested RSUs.
• Footnotes of note:
  • F1: Time-based RSUs vest in three equal installments on 02/27/2027, 02/27/2028 and 02/27/2029.
  • F3: Shares reported as disposed were automatically withheld upon vesting to satisfy tax obligations.
  • F4: Market-based performance RSUs vest between 0%–150% on 02/27/2029, based on TSR vs. PHLX Semiconductor Total Return Index for 02/02/2026–02/01/2029.
• Filing timeliness: No late filing flag provided; treated as timely.

Context

• This is a routine tax-withholding event tied to RSU vesting (often called "sell-to-cover"). While the dollar amount (~$7.7M) is large, it reflects withholding to meet tax liabilities rather than a discretionary market sale that signals a change in insider sentiment.
• The grant includes both time-based RSUs (scheduled vesting) and performance-based RSUs (payout 0–150% depending on relative TSR).