4/A: Semtech EVP and CFO Mark Lin Amends Form 4 to Correct Restricted Stock Grant
SEC Filing (Form 4/A)
Mark Lin, EVP and CFO of Semtech Corp, files an amended Form 4 to correct a clerical error in the original calculation of a restricted stock unit award granted on March 5, 2024.
Summary
- Mark Lin, the EVP and CFO of Semtech Corp, filed an amended Form 4 with the SEC.
- The amendment, filed on May 10, 2024, corrects a clerical error in the original calculation of a restricted stock unit (RSU) award.
- The RSU grant, which occurred on March 5, 2024, was initially reported incorrectly.
- The corrected filing states that Lin was granted 54,726 restricted stock units.
- These units vest in three annual installments starting on March 5, 2025.
- Each stock unit is equivalent to one share of Semtech common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a clerical error. It doesn't indicate any fundamental issues with the company, so the sentiment is neutral to slightly positive due to increased transparency.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. Amendments are sometimes necessary to correct errors.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of the restricted stock unit grant. |
| 03/07/2024 | Date of original Form 4 filing. |
| 03/05/2025 | First vesting date for the restricted stock units. |
| 05/10/2024 | Date of amended Form 4/A filing. |
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