Correia Christina 4

What Happened

• Christina Correia, CVP and Chief Accounting Officer of Lam Research, reported conversion/settlement of market-based performance restricted stock units (transaction code M) on 2026-02-03. The filing shows 9,045 shares were acquired at $0.00 and 6,030 shares were disposed at $0.00, producing a net reported increase of 3,015 shares.
• The $0.00 price indicates these were issuance/settlement transactions (not open-market purchases). The filing does not state a cash value for the shares at the time of settlement.

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05 (filed timely).
• Reported entries: Acquired 9,045 shares (M) @ $0.00; Disposed 6,030 shares (M) @ $0.00; net change = +3,015 shares.
• Shares owned following the transactions: not specified in the filing.
• Footnotes: The 6,030 units are a market-based performance RSU grant made 03/01/2023 that vests between 0%–150% based on Lam’s total shareholder return vs. the PHLX Semiconductor Sector Total Return Index over 02/01/2023–01/31/2026. The 9,045 shares equal 150% of 6,030, indicating a 150% payout of target; the filing notes amounts include shares subject to unvested RSUs.
• The filing does not specify why 6,030 shares were reported as disposed (common administrative reasons include tax withholding or share surrender).

Context

• These entries reflect settlement of performance RSUs rather than an open-market buy or deliberate sale; conversion of derivative awards is a routine compensation/settlement event for insiders.
• Transaction code M denotes exercise or conversion of a derivative/security. Because the filing shows both issuance and disposal at $0.00, the economic value realized (market value) at settlement is not stated here.