Lattice Semiconductor (LSCC) SVP covers RSU taxes with 691 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lattice Semiconductor senior vice president of sales Erhaan Shaikh reported a small share disposition related to taxes, not an open-market trade. On the vesting of a restricted stock unit installment, the company retained 691 shares of common stock to satisfy his tax withholding obligations at a value of $124.85 per share. Following this tax-withholding disposition, Shaikh directly holds 92,093 shares of Lattice Semiconductor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shaikh Erhaan
Role
SVP, Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 691 | $124.85 | $86K |
Holdings After Transaction:
Common Stock — 92,093 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withholding shares: 691 shares
Per-share value: $124.85 per share
Post-transaction holdings: 92,093 shares
+1 more
4 metrics
Tax-withholding shares
691 shares
Common stock retained by issuer for RSU tax withholding
Per-share value
$124.85 per share
Value used for the 691 shares retained for taxes
Post-transaction holdings
92,093 shares
Common stock directly held by Erhaan Shaikh after transaction
Tax-withholding transactions
1 transaction, 691 shares
Aggregate tax withholding activity in this Form 4
Key Terms
restricted stock units, tax withholding obligations, Payment of exercise price or tax liability by delivering securities, Form 4
4 terms
restricted stock units financial
"in connection with the vesting of an installment of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"retained by the Issuer in order to meet the tax withholding obligations of the Reporting Person"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Lattice Semiconductor (LSCC) report for Erhaan Shaikh?
Lattice Semiconductor reported that SVP of Sales Erhaan Shaikh had 691 common shares retained by the company to cover tax withholding on vesting restricted stock units. This was a tax-related disposition, not an open-market purchase or sale.
Was the LSCC insider transaction by Erhaan Shaikh a stock sale in the market?
No, the transaction was not an open-market sale. The issuer retained 691 shares to satisfy Shaikh’s tax withholding obligations upon RSU vesting, as described in the footnote, rather than him selling shares to another buyer.
What does transaction code F mean in the LSCC Form 4 for Erhaan Shaikh?
Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. In this LSCC filing, 691 shares were retained by the issuer to meet Shaikh’s tax withholding obligations tied to vesting restricted stock units.