Christina Correia - Mar 1, 2023 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
CVP , Chief Accounting Officer
Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Mar 1, 2023
Transactions value $
-$266,167
Form type
4
Date filed
3/3/2023, 03:15 PM
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Award $0 +603 +11.52% $0.00 5.84K Mar 1, 2023 Direct F1, F2
transaction LRCX Common Stock Award $0 +2.41K +41.34% $0.00 8.25K Mar 1, 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$28K -57 -0.69% $490.92 8.19K Mar 1, 2023 Direct F2, F4
transaction LRCX Common Stock Tax liability -$28.5K -58 -0.71% $490.92 8.14K Mar 1, 2023 Direct F2, F4
transaction LRCX Common Stock Tax liability -$155K -317 -3.9% $489.98 7.82K Mar 2, 2023 Direct F2, F4
transaction LRCX Common Stock Tax liability -$54.4K -111 -1.42% $489.98 7.71K Mar 2, 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 +603 $0.00 603 Mar 1, 2023 Common Stock 603 $0.00 Direct F5
* 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 The restricted stock units will vest on 03/01/2026.
F4 Represents shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
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.