SMTC.NASDAQSemtech CORP
Form 4: Semtech Corp: SVP and GM Imran Sherazi Reports Acquisition of 17,342 Restricted Stock Units
Sentiment:
SEC Form 4 Filing
Imran Sherazi, SVP and GM of Semtech Corp, reports acquiring 17,342 restricted stock units on March 6, 2025, according to a Form 4 filing with the SEC.
Summary
- On March 6, 2025, Imran Sherazi, SVP and GM of Semtech Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of 17,342 restricted stock units.
- These stock units are the economic equivalent of one share of Semtech common stock.
- One third of the grant vests on March 10, 2026, with the remainder vesting in eight quarterly installments starting June 10, 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Stakeholder Impact
- The acquisition of restricted stock units by a company executive can be seen as a positive sign by shareholders, aligning management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| June 12, 2024 | Date of Power of Attorney granted to Mark Lin. |
| March 06, 2025 | Date of transaction: acquisition of restricted stock units. |
| March 10, 2025 | Date of signature on the Form 4 filing. |
| March 10, 2026 | One third of the restricted stock units vest. |
| June 10, 2026 | Remainder of the restricted stock units vest in eight quarterly installments. |
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