Form 4: MACOM Technology Solutions Director Peter Chung Receives Restricted Stock Units

Director Peter Chung received 2,138 restricted stock units of MACOM Technology Solutions Holdings, Inc. as part of the director compensation program.

Summary

• Peter Chung, a director of MACOM Technology Solutions Holdings, Inc., received 2,138 restricted stock units on March 8, 2024, as part of the director compensation program.
• These restricted stock units will vest on March 8, 2025, provided Mr. Chung remains in continuous service with the Issuer.
• The units will settle solely by delivery of an equal number of shares of Common Stock.
• Mr. Chung also indirectly holds 47,650 shares and restricted stock units for the benefit of Summit Partners, L.P.
• Summit Partners, L.P. has voting and dispositive authority over these shares and restricted stock units through its Investment Committee.
• Summit Partners, L.P., Mr. Collins and Mr. Chung disclaims beneficial ownership of the shares of common stock and the restricted stock units, except to the extent of their pecuniary interest therein.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of restricted stock units is a routine part of director compensation and aligns the director's interests with the company's long-term performance.

Positives

• The grant of restricted stock units aligns Mr. Chung's interests with the long-term success of MACOM Technology Solutions Holdings, Inc.

Future Outlook

The restricted stock units will vest on March 8, 2025, provided Mr. Chung remains in continuous service with the Issuer.

Industry Context

This is a standard practice for compensating directors of publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with equity grants like restricted stock units being common.
• The size of the grant is likely benchmarked against peer companies in the semiconductor industry and the director's level of experience and responsibility.
• Comparable companies such as Analog Devices (ADI), Skyworks Solutions (SWKS), and Qorvo (QRVO) also utilize equity-based compensation for their board members.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates