Lam Research (LRCX) SVP granted performance RSUs and stock, shares withheld for taxes

NodeGuardian · 2026-03-20T16:07:50+00:00

Lam Research's SVP Varadarajan Seshasayee received 18,820 performance RSUs and 12,547 shares of common stock, set to vest over the next three years and contingent on company performance by 2029. Tax obligations were covered by withholding shares.

NodeGuardian

2026-03-20 16:07:50

Abstract generation in progress

Lam Research’s Senior Vice President, Varadarajan Seshasayee, was granted 18,820 market-based performance restricted stock units and 12,547 shares of common stock on February 27, 2026. The common stock units will vest in three equal installments over three years, while the performance RSUs will vest between 0% and 150% on February 27, 2029, based on the company’s total shareholder return compared to the PHLX Semiconductor Total Return Index. Several blocks of common stock were withheld to cover tax obligations related to the vesting of previously granted restricted stock units.

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