Correia Christina 4

4 · LAM RESEARCH CORP · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Lam Research (LRCX) CVP Christina Correia Receives Awards; Shares Withheld

What Happened

Christina Correia, CVP and Chief Accounting Officer at Lam Research (LRCX), received multiple restricted stock unit (RSU) awards on 2026-02-27 and simultaneously had shares withheld to cover tax withholding obligations. Grants reported: 3,180 RSUs, 12,979 RSUs, and a derivative/RSU-type award of 1,362 shares (total grants = 17,521 shares acquired at $0.00). To satisfy tax withholding, 19,628 shares were treated as disposed via withholding events reported under code F at a $233.89 per-share value (individual withholdings: 4,306; 996; 11,963; 942; 1,421), representing approximately $4,590,792 in tax withholding value.

Key Details

Transaction date: 2026-02-27; Filing date: 2026-03-02.
Withholding price used for valuation: $233.89 per share.
Reported disposals (tax withholding): 4,306 ($1,007,130), 996 ($232,954), 11,963 ($2,798,026), 942 ($220,324), 1,421 ($332,358). Total withheld value ≈ $4.59M.
Grants reported as acquisitions (code A): 3,180; 12,979; 1,362 (derivative RSU).
Footnotes: some RSUs vest in three equal annual installments (02/27/2027–02/27/2029); some awards vest 25%/25%/50%; one market‑based performance RSU vests 0%–150% based on TSR vs. the PHLX Semiconductor TR Index for the 02/02/2026–02/01/2029 performance period. Footnote clarifies the disposals represent shares automatically withheld to satisfy tax obligations.
Shares owned after the transaction are not specified in the information provided.

Context

These transactions are compensation-related (award vesting and tax withholding) rather than open-market sales or purchases. The disposals were automatic withholding to cover taxes (routine, not a directional trade signal). The market‑based PRSU is performance contingent and may pay out between 0% and 150% at final vesting in 2029.

Form 4

Period: 2026-02-27

CVP , Chief Accounting Officer

Transactions

Award
Common Stock
[F1][F2]
2026-02-27+3,180→ 63,817 total
Award
Common Stock
[F3][F2]
2026-02-27+12,979→ 76,796 total
Tax Payment
Common Stock
[F4][F2]
2026-02-27$233.89/sh−4,306$1,007,130→ 72,490 total
Tax Payment
Common Stock
[F4][F2]
2026-02-27$233.89/sh−996$232,954→ 71,494 total
Tax Payment
Common Stock
[F4][F2]
2026-02-27$233.89/sh−11,963$2,798,026→ 59,531 total
Tax Payment
Common Stock
[F4][F2]
2026-02-27$233.89/sh−942$220,324→ 58,589 total
Tax Payment
Common Stock
[F4][F2]
2026-02-27$233.89/sh−1,421$332,358→ 57,168 total
Award
Market-based Performance Restricted Stock Unit
[F5]
2026-02-27+1,362→ 1,362 total
Exercise: $0.00→ Common Stock (1,362 underlying)

Footnotes (5)

[F1]The restricted stock units will vest in three equal installments on 02/27/2027, 02/27/2028, and 02/27/2029.
[F2]The amount reported includes shares subject to unvested restricted stock units.
[F3]The restricted stock units will vest in three installments 25% on 02/27/2027, 25% on 02/27/2028, and 50% on 02/27/2029.
[F4]Represents shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
[F5]The Market-based performance restricted stock units will vest between 0% and 150% on 2/27/2029. The performance of this award is based on the percentile ranking of Lam Research's Total Shareholder Return relative to the Total Shareholder Return of the companies in the PHLX Semiconductor Total Return Index during the performance period of 02/2/2026 through 02/01/2029.

Signature

Marta Woods by Power of Attorney|2026-03-02

1 file