The estimated Net Worth of Michael R Cannon is at least $28.8 millió dollars as of 23 October 2023. Mr. Cannon owns over 4,840 units of Lam Research stock worth over $22,992,362 and over the last 21 years he sold LRCX stock worth over $5,509,121. In addition, he makes $286,820 as Independent Director at Lam Research.
Michael has made over 24 trades of the Lam Research stock since 2007, according to the Form 4 filled with the SEC. Most recently he exercised 4,840 units of LRCX stock worth $3,551,737 on 23 October 2023.
The largest trade he's ever made was exercising 55,000 units of Lam Research stock on 18 June 2007 worth over $1,157,750. On average, Michael trades about 6,152 units every 105 days since 2003. As of 23 October 2023 he still owns at least 31,332 units of Lam Research stock.
You can see the complete history of Mr. Cannon stock trades at the bottom of the page.
Michael R. Cannon is the Independent Director of Lam Research Corporation. Michael R. Cannon is the General Partner of MRC & LBC Partners, LLC, a private management consulting company. From February 2007 until his retirement in January 2009, Mr. Cannon served as President of Global Operations of Dell Inc., a computer systems manufacturer and services provider; and from January 2009 to January 2011, he served as a consultant to Dell. Prior to joining Dell, he was President and Chief Executive Officer of Solectron Corporation, an electronic manufacturing services company, from January 2003 to February 2007. From July 1996 to January 2003, Mr. Cannon served as President and Chief Executive Officer of Maxtor Corporation, a disk drive and storage systems manufacturer. Prior to joining Maxtor, Mr. Cannon held senior management positions at International Business Machines Corp. (IBM), a global services, software and systems company. Mr. Cannon has served as a member of the board of directors of: Seagate Technology Public Limited, a disk drive and storage solutions company, since February 2011, where he became lead independent director in October 2016 and has been a chair of the nominations and governance committee and a member of the compensation committee and was a member of the audit and finance committees; and Dialog Semiconductor, a mixed signal integrated circuits company, since February 2013, where he has been a chair of the remuneration committee and a member of the nomination committee.
As the Independent Director of Lam Research, the total compensation of Michael Cannon at Lam Research is $286,820. There are 16 executives at Lam Research getting paid more, with Timothy Archer having the highest compensation of $13,745,100.
Michael Cannon is 67, he's been the Independent Director of Lam Research since 2011. There are 3 older and 19 younger executives at Lam Research. The oldest executive at Lam Research Corp. is Dr. Richard A. Gottscho, 69, who is the Exec. VP & CTO.
Michael's mailing address filed with the SEC is C/O LAM RESEARCH CORPORATION, 4650 CUSHING PARKWAY, FREMONT, CA, 94538.
Over the last 21 years, insiders at Lam Research have traded over $305,969,058 worth of Lam Research stock and bought 1,736 units worth $799,168 . The most active insiders traders include Timothy Archer, Martin B Anstice és Richard A Gottscho. On average, Lam Research executives and independent directors trade stock every 16 days with the average trade being worth of $9,222,138. The most recent stock trade was executed by Neil J Fernandes on 12 July 2024, trading 1,620 units of LRCX stock currently worth $1,712,324.
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring.
Lam Research executives and other stock owners filed with the SEC include: