Form 4: Semtech Director Julie Garcia Ruehl Reports Stock Unit Vesting
SEC Form 4 Filing
Director Julie Garcia Ruehl reports the vesting of restricted stock units into common stock.
Summary
- On June 9, 2024, Julie Garcia Ruehl, a director of Semtech Corp, reported the vesting of 3,122 restricted stock units.
- These units converted into 3,122 shares of common stock.
- The transaction was executed at a price of $31.18 per share.
- Following the transaction, Ruehl directly owns 3,122 shares of Semtech common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock unit vesting, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider transactions, allowing investors to stay informed about the actions of company directors and officers.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| November 29, 2023 | Power of Attorney granted to Jeffrey Gutierrez and Mark Lin. |
| June 9, 2024 | Restricted stock units vested and converted into common stock. |
| June 10, 2024 | Date of Form 4 signature. |
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