Form 4: Semtech Corp Director, Li Ye Jane, Reports Stock Unit Vesting and Share Acquisition
SEC Form 4 Filing
Director Li Ye Jane reported the vesting of restricted stock units and subsequent acquisition of Semtech common stock on June 9, 2024.
Summary
- On June 9, 2024, Li Ye Jane, a director of Semtech Corp, reported a transaction involving restricted stock units.
- 3,534 restricted stock units vested, converting into 3,534 shares of Semtech common stock.
- The price per share for the conversion was $31.18.
- Following the transaction, Li Ye Jane directly owns 13,157 shares of Semtech common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney granted to Jeffrey Gutierrez and Mark Lin. |
| June 9, 2024 | Date of transaction: vesting of restricted stock units and acquisition of common stock. |
| June 10, 2024 | Date of Form 4 filing. |
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