Form 4: Semtech Corp Executive Sherazi Imran Reports Stock Transactions
SEC Form 4 Filing
Semtech Corp's SVP and GM, Imran Sherazi, reports the vesting and subsequent disposal of shares related to restricted stock units.
Summary
- On August 25, 2024, Imran Sherazi, SVP and GM of Semtech Corp, reported transactions involving Semtech common stock.
- Sherazi exercised 1,000 Restricted Stock Units (RSUs) which converted into 1,000 shares of common stock.
- Simultaneously, 536 shares were disposed of at a price of $36.91 per share to cover tax obligations.
- Following these transactions, Sherazi directly owns 6,335 shares of Semtech common stock and 1,000 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Key Dates
| Date | Description |
|---|---|
| August 25, 2022 | Initial vesting date of the Restricted Stock Unit grant. |
| June 12, 2024 | Date of Power of Attorney granted to Mark Lin. |
| August 25, 2024 | Date of stock transactions: RSU vesting and share disposal. |
| August 26, 2024 | Date of signature for the Form 4 filing. |
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