Form 4: Semtech Director Ye Jane Li Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Ye Jane Li reports acquiring 5,714 restricted stock units in Semtech Corp on July 1, 2024.
Summary
- On July 1, 2024, Ye Jane Li, a director of Semtech Corp, acquired 2,857 restricted stock units that are payable in cash.
- Ye Jane Li also acquired 2,857 restricted stock units that are payable in shares.
- The restricted stock units vest on the earlier of the one year anniversary of the award and the day immediately preceding the date of the first annual meeting of shareholders following the grant.
- Following the transaction, Ye Jane Li directly owns 2,857 restricted stock units payable in cash and 2,857 restricted stock units payable in shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard compensation practices. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of Semtech's directors.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns the director's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment to the company.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney granted to Mark Lin. |
| 07/01/2024 | Date of transaction: Acquisition of restricted stock units. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.