Patrick J. Lord - Feb 6, 2024 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Executive Vice President
Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 02:28 PM
Previous filing
Dec 15, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $0 +2.72K +43.93% $0.00 8.93K Feb 6, 2024 Direct F1, F2

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 Options Exercise $0 -2.27K -100% $0.00* 0 Feb 6, 2024 Common Stock 2.27K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 03/01/2021, the Reporting Person received a target grant of 2,272 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/01/2024. The vesting of this award is based on the total return stock price performance of Lam Research shares (assuming reinvestment of dividends) relative to the market price performance of the PHLX Semiconductor Sector Total Return Index, comparing the 50-trading day trailing average closing price over the performance period from 02/01/2021 to 1/31/2024.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2024. 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 02/01/2021 through 01/31/2024.