Lattice Semiconductor (LSCC) SVP has 804 shares withheld to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lattice Semiconductor senior vice president of sales Erhaan Shaikh had 804 shares of common stock withheld by the company at $108.40 per share to cover tax obligations arising from the vesting of restricted stock units. These shares were retained by the issuer to satisfy the tax liability and were not an open-market sale. After this tax-withholding disposition, Shaikh directly holds 93,418 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 | 804 | $108.40 | $87K |
Holdings After Transaction:
Common Stock — 93,418 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for tax: 804 shares
Tax withholding share price: $108.40 per share
Shares held after transaction: 93,418 shares
3 metrics
Shares withheld for tax
804 shares
Common stock retained by issuer for tax withholding
Tax withholding share price
$108.40 per share
Price applied to 804 withheld shares
Shares held after transaction
93,418 shares
Direct ownership following tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition
3 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.
FAQ
What did Lattice Semiconductor (LSCC) disclose in this Form 4 for Erhaan Shaikh?
Lattice Semiconductor reported that SVP of Sales Erhaan Shaikh had 804 shares of common stock withheld by the company to cover tax obligations from restricted stock unit vesting, a non-market transaction that left him holding 93,418 shares directly afterward.
What is the nature of the LSCC Form 4 transaction code F for Erhaan Shaikh?
Transaction code F on the Form 4 indicates a tax-withholding disposition. In this case, Lattice Semiconductor retained 804 shares from Shaikh’s RSU vesting to pay required taxes, rather than him selling shares in the open market.