Ava Harter - Feb 28, 2025 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Chief Legal Officer
Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Feb 28, 2025
Transactions value $
-$106,131
Form type
4
Date filed
3/4/2025, 11:49 AM
Previous filing
Aug 6, 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 +19.4K +41.13% $0.00 66.4K Feb 28, 2025 Direct F1, F2
transaction LRCX Common Stock Tax liability -$106K -1.38K -2.08% $76.74 65K Feb 28, 2025 Direct F2, F3

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 +23.7K $0.00 23.7K Feb 28, 2025 Common Stock 23.7K $0.00 Direct F4
holding LRCX Employee Stock Option (Right to Buy) 18K Feb 28, 2025 Common Stock 18K $77.04 Direct F5
holding LRCX Market-based Performance Restricted Stock Unit 22K Feb 28, 2025 Common Stock 22K $0.00 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 02/28/2026, 02/28/2027, and 02/28/2028
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 The Market-based performance restricted stock units will vest between 0% and 150% on 2/28/2028. The performance of this of this award is based on the percentile ranking of Lam Research's Total Shareholder Return relative to the Total Shareholder Return of the companies in the PHLX Semiconductor Total Return Index during the performance period of 02/03/2025 through 02/02/2028.
F5 The stock options will become exercisable in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.
F6 The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2027. 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 02/01/2024 through 01/31/2027.

Remarks:

Adjusted to reflect a ten-for-one forward split of the Issuer's common stock effective after market close on October 2, 2024.