Neil J. Fernandes - 04 Feb 2025 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Senior Vice President
Signature
Marta Woods by Power of Attorney
Issuer symbol
LRCX
Transactions as of
04 Feb 2025
Net transactions value
$0
Form type
4
Filing time
06 Feb 2025, 16:20:27 UTC
Previous filing
15 Jul 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $0 +4,805 +9.2% $0.000000 57,177 04 Feb 2025 Direct F1, F2
holding LRCX Common Stock 1,015 04 Feb 2025 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 Options Exercise $0 -8,440 -100% $0.000000 0 04 Feb 2025 Common Stock 8,440 $0.000000 Direct F3
holding LRCX Market-based Performance Restricted Stock Unit 14,380 04 Feb 2025 Common Stock 14,380 $0.000000 Direct F4
holding LRCX Market-based Performance Restricted Stock Unit 20,090 04 Feb 2025 Common Stock 20,090 $0.000000 Direct F5
holding LRCX Employee Stock Option (Right to Buy) 11,760 04 Feb 2025 Common Stock 11,760 $49.09 Direct F6
holding LRCX Employee Stock Option (Right to Buy) 16,410 04 Feb 2025 Common Stock 16,410 $98.15 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 03/01/2022, the Reporting Person received a target grant of 8,440 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/01/2025. 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 02/01/2022 through 01/31/2025.
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 03/01/2025. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2022 through 01/31/2025.
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 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.
F6 . The stock options will become exercisable in three equal installments on 03/01/2024, 03/01/2025, and 03/01/2026.
F7 The stock options will become exercisable in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.

Remarks:

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