Lattice Semiconductor (NASDAQ: LSCC) SVP covers RSU tax via share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lattice Semiconductor senior vice president of sales Erhaan Shaikh reported two routine tax-related share dispositions tied to restricted stock unit vesting. On May 4, the issuer retained 296 shares of common stock at $125.57 per share to cover withholding taxes. On May 5, the issuer retained an additional 338 shares at $122.27 per share for the same purpose, with the filing noting the shares were not retained in excess of the tax liability. After these non‑market transactions, Shaikh directly holds 92,784 shares of Lattice Semiconductor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shaikh Erhaan
Role
SVP, Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 338 | $122.27 | $41K |
| Tax Withholding | Common Stock | 296 | $125.57 | $37K |
Holdings After Transaction:
Common Stock — 92,784 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares May 5: 338 shares at $122.27
Tax-withheld shares May 4: 296 shares at $125.57
Total tax-withheld shares: 634 shares
+1 more
4 metrics
Tax-withheld shares May 5
338 shares at $122.27
Common stock retained by issuer for tax withholding on May 5
Tax-withheld shares May 4
296 shares at $125.57
Common stock retained by issuer for tax withholding on May 4
Total tax-withheld shares
634 shares
Aggregate shares retained by issuer for RSU tax obligations
Post-transaction holdings
92,784 shares
Shaikh’s direct LSCC common stock holdings after transactions
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, SVP, Sales
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"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
SVP, Sales financial
""officer_title": "SVP, Sales""
FAQ
What insider transactions did LSCC executive Erhaan Shaikh report?
Erhaan Shaikh reported two tax-withholding dispositions where the issuer retained shares. On May 4, 296 shares were retained at $125.57, and on May 5, 338 shares were retained at $122.27, all to satisfy RSU-related tax obligations.
What does transaction code F mean in the LSCC Form 4 for Erhaan Shaikh?
Transaction code F indicates a tax-withholding disposition. In Shaikh’s case, Lattice Semiconductor retained shares upon RSU vesting to pay his tax liability, with the filing clarifying that the amount retained was not more than the tax owed.