Form 4: Semtech Director Cardenuto Reports RSU Vesting and New Equity Grant

Semtech Director Rodolpho C. Cardenuto reported the vesting and conversion of 2,857 Restricted Stock Units into common stock, alongside the grant of 5,321 new Restricted Stock Units.

Summary

• Director Rodolpho C. Cardenuto reported transactions involving Semtech Corp. common stock and Restricted Stock Units (RSUs) in a recent SEC Form 4 filing.
• On June 4, 2025, 2,857 Restricted Stock Units (RSUs) vested and were subsequently converted into Semtech common stock at a conversion price of $0.
• Following this conversion, Mr. Cardenuto's direct beneficial ownership of Semtech Common Stock increased to 13,123 shares.
• On June 5, 2025, Mr. Cardenuto was granted 5,321 new Restricted Stock Units (RSUs) at a price of $0.
• These newly granted RSUs are structured to vest on the earlier of their one-year anniversary or the day immediately preceding the first annual meeting of stockholders following the grant, and are payable in shares of common stock.

Sentiment

Score: 7

Explanation: The filing reflects routine equity compensation for a director, including the vesting of existing units and the grant of new ones, which generally aligns management's interests with shareholders.

Positives

• The grant of 5,321 new Restricted Stock Units (RSUs) to Director Rodolpho C. Cardenuto aligns his interests with shareholders, as the value of these units is directly tied to the company's stock performance.
• The vesting of 2,857 RSUs indicates the successful fulfillment of prior equity compensation terms for the director, reflecting a standard component of executive and director remuneration.

Negatives

• No direct negative financial implications are apparent from this Form 4 filing, as it primarily details routine equity compensation events for a director.

Risks

• This Form 4 filing primarily reports insider transactions and does not inherently disclose new risks to the company's operations or financial health.

Future Outlook

The 5,321 Restricted Stock Units granted to Director Cardenuto are scheduled to vest on the earlier of their one-year anniversary or the day immediately preceding the first annual meeting of stockholders following the grant, indicating future equity compensation realization.

Management Comments

• The filing was signed by Jeffrey Gutierrez under Power of Attorney dated October 6, 2023, on behalf of Rodolpho C. Cardenuto.

Industry Context

This Form 4 filing details an individual director's equity compensation and ownership changes, which is a standard practice in publicly traded companies across all industries to align management interests with shareholders. It does not provide specific insights into broader industry trends for the semiconductor or technology sectors.

Comparison to Industry Standards

• NA

Related Party Transactions

• The reported transactions involve equity compensation (Restricted Stock Units) granted by Semtech Corp. to its Director, Rodolpho C. Cardenuto, which is a common form of related-party compensation.

Stakeholder Impact

• Shareholders: The grant of new Restricted Stock Units to a director helps align management's long-term interests with shareholder value creation.

Next Steps

• The 5,321 Restricted Stock Units granted on June 5, 2025, are expected to vest on the earlier of their one-year anniversary or the day immediately preceding the first annual meeting of stockholders following the grant.

Key Dates

Keywords

Semtech, SMTC, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director, Equity Compensation, Stock Ownership