Correia Christina 4

What Happened

• Christina Correia, CVP and Chief Accounting Officer at Lam Research (LRCX), received multiple restricted stock unit (RSU) awards on 2026-02-27 and simultaneously had shares withheld to cover tax withholding obligations. Grants reported: 3,180 RSUs, 12,979 RSUs, and a derivative/RSU-type award of 1,362 shares (total grants = 17,521 shares acquired at $0.00). To satisfy tax withholding, 19,628 shares were treated as disposed via withholding events reported under code F at a $233.89 per-share value (individual withholdings: 4,306; 996; 11,963; 942; 1,421), representing approximately $4,590,792 in tax withholding value.

Key Details

• Transaction date: 2026-02-27; Filing date: 2026-03-02.
• Withholding price used for valuation: $233.89 per share.
• Reported disposals (tax withholding): 4,306 ($1,007,130), 996 ($232,954), 11,963 ($2,798,026), 942 ($220,324), 1,421 ($332,358). Total withheld value ≈ $4.59M.
• Grants reported as acquisitions (code A): 3,180; 12,979; 1,362 (derivative RSU).
• Footnotes: some RSUs vest in three equal annual installments (02/27/2027–02/27/2029); some awards vest 25%/25%/50%; one market‑based performance RSU vests 0%–150% based on TSR vs. the PHLX Semiconductor TR Index for the 02/02/2026–02/01/2029 performance period. Footnote clarifies the disposals represent shares automatically withheld to satisfy tax obligations.
• Shares owned after the transaction are not specified in the information provided.

Context

• These transactions are compensation-related (award vesting and tax withholding) rather than open-market sales or purchases. The disposals were automatic withholding to cover taxes (routine, not a directional trade signal). The market‑based PRSU is performance contingent and may pay out between 0% and 150% at final vesting in 2029.