Lattice (LSCC) Officer Reports 450-Share Withholding Disposition
Rhea-AI Filing Summary
Esam Elashmawi, SVP Marketing & Strategy at Lattice Semiconductor Corp (LSCC), reported a small disposition of company common stock related to tax withholding on vested restricted stock units. The filing shows 450 shares were sold at $63.23 per share, and following the transaction the reporting person beneficially owned 330,212 shares directly. The filing explains the shares were retained by the issuer solely to satisfy the reporting person’s tax withholding obligation and that the retained amount did not exceed the tax liability.
The report is a routine Section 16 disclosure of an insider share disposition tied to equity compensation tax withholding rather than an open-market sale for liquidity or other purposes.
Positive
- Transparent disclosure of the insider transaction under Section 16
- Issuer-handled tax withholding clarifies the disposition was administrative, not a market liquidity sale
- Post-transaction ownership remains substantial at 330,212 shares, indicating continued alignment with shareholders
Negative
- None.
Insights
TL;DR: Routine insider withholding transaction; no material governance concerns based on disclosed facts.
The Form 4 documents a customary issuer-withheld disposition to cover tax obligations on vested restricted stock units. The transaction size (450 shares) is negligible relative to the post-transaction beneficial ownership of 330,212 shares, indicating no notable change in control or voting influence. The disclosure explicitly states the withheld shares matched the tax liability, which aligns with common equity compensation practices and suggests appropriate administrative handling by the issuer.
TL;DR: Small, non-market sale for tax withholding; unlikely to affect LSCC valuation or signal management intent.
The file reports a disposition coded as related to compensation withholding rather than an open-market transaction. The sale price of $63.23 per share for 450 shares and the large remaining direct holding imply this was an administrative step tied to RSU vesting. From a market-materiality perspective, the disclosed activity appears immaterial to LSCC’s cap table and trading dynamics.