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

Role
Senior Vice President
Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Mar 1, 2023
Transactions value $
-$1,322,776
Form type
4
Date filed
3/3/2023, 03:24 PM
Previous filing
Feb 9, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Award $0 +1.96K +7.49% $0.00 28.1K Mar 1, 2023 Direct F1, F2
transaction LRCX Common Stock Tax liability -$89.3K -182 -0.65% $490.92 27.9K Mar 1, 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$77.6K -158 -0.57% $490.92 27.8K Mar 1, 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$217K -443 -1.59% $489.98 27.3K Mar 2, 2023 Direct F2, F3
transaction LRCX Common Stock Tax liability -$939K -1.92K -7.01% $489.98 25.4K Mar 2, 2023 Direct F2, F3
holding LRCX Common Stock 237 Mar 1, 2023 By 401(k)

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 +3.6K $0.00 3.6K Mar 1, 2023 Common Stock 3.6K $0.00 Direct F4
transaction LRCX Employee Stock Option (Right to Buy) Award $0 +2.94K $0.00 2.94K Mar 1, 2023 Common Stock 2.94K $490.92 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 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 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.
F5 The stock options will become exercisable in three equal installments on 03/01/2024, 03/01/2025, and 03/01/2026.