Form 4: Semtech Corp Director Sylvia Summers Reports Stock Unit Vesting
SEC Form 4 Filing
Director Sylvia Summers reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On June 9, 2024, Sylvia Summers, a director of Semtech Corp, reported a transaction involving restricted stock units.
- 3,534 restricted stock units vested and were converted into 3,534 shares of common stock at a price of $31.18.
- Following the transaction, Summers directly owns 16,542 shares of Semtech common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock unit vesting.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney granted by Sylvia Summers. |
| 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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