Ava Hahn - 01 Mar 2023 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Chief Legal Officer & SVP
Signature
Marta Woods by Power of Attorney
Issuer symbol
LRCX
Transactions as of
01 Mar 2023
Transactions value $
-$3,408,616
Form type
4
Filing time
03 Mar 2023, 16:12:29
Previous filing
09 Feb 2023
Next filing
04 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Award $0 +1.45K +16.16% $0.00 10.4K 01 Mar 2023 Direct F1, F2
transaction LRCX Common Stock Tax liability -$61.4K -125 -1.2% $490.92 10.3K 01 Mar 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$64.3K -131 -1.27% $490.92 10.2K 01 Mar 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$1.2M -2.44K -24.08% $489.98 7.71K 02 Mar 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$285K -581 -7.54% $489.98 7.13K 02 Mar 2023 Direct F2, F3
transaction LRCX Common Stock Sale -$233K -487 -6.83% $479.00 6.64K 02 Mar 2023 Direct F2, F4
transaction LRCX Common Stock Sale -$1.57M -3.21K -48.29% $488.92 3.43K 03 Mar 2023 Direct F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LRCX Market-based Performance Restricted Stock Unit Award $0 +2.65K $0.00 2.65K 01 Mar 2023 Common Stock 2.65K $0.00 Direct F5
transaction LRCX Employee Stock Option (Right to Buy) Award $0 +2.17K $0.00 2.17K 01 Mar 2023 Common Stock 2.17K $490.92 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will vest in three equal installments on 03/01/2024, 03/01/2025, and 03/01/2026.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 Represents shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
F4 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2022.
F5 The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2026. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2023 through 01/31/2026.
F6 The stock options will become exercisable in three equal installments on 03/01/2024, 03/01/2025, and 03/01/2026.