Form 4: Semtech EVP and CFO Mark Lin Reports Stock Transactions

Mark Lin, EVP and CFO of Semtech Corp, reports the acquisition and disposal of Semtech common stock and restricted stock units on October 2, 2024.

Summary

• On October 2, 2024, Mark Lin, the EVP and CFO of Semtech Corp, engaged in transactions involving the company's stock.
• Lin acquired 12,656 shares of common stock through the vesting of restricted stock units.
• Concurrently, Lin disposed of 4,011 shares of common stock to cover tax obligations at a price of $42.08 per share.
• Following these transactions, Lin directly owns 9,645 shares of Semtech common stock.
• Lin also directly owns 25,313 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Future Outlook

The remaining restricted stock units will vest in eight quarterly installments beginning January 2, 2025.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when corporate insiders, like the CFO, trade their company's stock. It provides transparency to the market regarding the transactions of company executives.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates