Form 4: Semtech EVP and CFO Mark Lin Reports Stock Transactions
SEC Form 4 Filing
Mark Lin, EVP and CFO of Semtech Corp, reports the acquisition and disposal of common stock and restricted stock units on April 1, 2025.
Summary
- On April 1, 2025, Mark Lin, the EVP and CFO of Semtech Corp, engaged in transactions involving Semtech's common stock and restricted stock units.
- Lin acquired 3,164 shares of common stock through the vesting of restricted stock units.
- He disposed of 1,518 shares to cover tax obligations at a price of $34.4 per share.
- Additionally, he sold 918 shares at an average price of $34.3792 and 95 shares at $35.055.
- Following these transactions, Lin directly owns 14,114 shares of Semtech common stock and 18,985 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock transactions by an executive, which is a routine event.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| October 2, 2024 | One third of the restricted stock unit grant vested. |
| January 2, 2025 | The remainder of the restricted stock unit grant vests in eight quarterly installments beginning on this date. |
| April 1, 2025 | Date of the reported stock transactions. |
| April 3, 2025 | Date of signature on the Form 4 filing. |
Keywords
Semtech, Mark Lin, Form 4, Stock Transactions, Executive Compensation, Insider Trading, SMTC, CFO, Restricted Stock Units, Common Stock
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