Lam Research (LRCX) SVP Rammohan reports initial insider stock and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
LAM RESEARCH CORP executive Karthikeyan Rammohan filed an initial Form 3 reporting his equity holdings as SVP, Global Ops & Ent Solns. The filing lists direct holdings of common stock and multiple grants of market-based performance restricted stock units that vest between 0% and 150% based on total shareholder return versus the PHLX Semiconductor Total Return Index over multi‑year performance periods ending in 2027, 2028, and 2029. It also notes additional common stock held indirectly through a trust and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Rammohan Karthikeyan
Role
SVP, Global Ops & Ent Solns
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Market-based Performance Restricted Stock Unit | -- | -- | -- |
| holding | Market-based Performance Restricted Stock Unit | -- | -- | -- |
| holding | Market-based Performance Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Market-based Performance Restricted Stock Unit — 4,609 shares (Direct);
Common Stock — 16,600 shares (Direct);
Common Stock — 79,856 shares (Indirect, By Trust)
Footnotes (1)
- The amount reported includes shares subject to unvested restricted stock units. The Market-based performance restricted stock units will vest between 0% and 150% on 2/28/2028. 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 02/03/2025 through 02/02/2028. The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2027. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2024 through 01/31/2027. 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.
FAQ
What does the Form 3 filing by LRCX executive Karthikeyan Rammohan show?
The filing shows Karthikeyan Rammohan’s initial ownership in LAM RESEARCH CORP, including common stock and market-based performance restricted stock units, reflecting both direct holdings and indirect interests through a trust and a 401(k) retirement plan.
What equity awards does Karthikeyan Rammohan hold at Lam Research (LRCX)?
He holds several market-based performance restricted stock units. These awards can vest between 0% and 150% depending on Lam Research’s total shareholder return compared with the PHLX Semiconductor Total Return Index over specified multi‑year performance periods.
How is vesting of the Lam Research (LRCX) performance RSUs determined?
The market-based performance RSUs vest between 0% and 150% on set future dates, based on Lam Research’s total shareholder return percentile ranking versus the PHLX Semiconductor Total Return Index over defined performance periods ending in 2027, 2028, and 2029.
Does the Lam Research (LRCX) Form 3 indicate any stock purchases or sales?
No specific buy or sell transactions are identified. The Form 3 functions as an initial statement of beneficial ownership, listing Rammohan’s existing holdings in common stock and performance-based restricted stock units as of the reported date.