Form 4: Semtech EVP and COO Asaf Silberstein Reports Stock Transactions

Asaf Silberstein, EVP and COO of Semtech Corp, reports the vesting and subsequent sale of restricted stock units, resulting in changes to his beneficial ownership of company stock.

Summary

• Asaf Silberstein, the EVP and COO of Semtech Corp, filed a Form 4 detailing changes in his beneficial ownership of Semtech stock.
• On March 7, 2024, 12,137 restricted stock units vested and were converted to common stock, which were then sold to cover tax obligations at a price of $23.32 per share, resulting in the disposition of 4,525 shares.
• On March 8, 2024, 5,325 restricted stock units vested and were converted to common stock, which were then sold to cover tax obligations at a price of $23.71 per share, resulting in the disposition of 1,900 shares.
• On March 9, 2024, 3,287 restricted stock units vested and were converted to common stock, which were then sold to cover tax obligations at a price of $23.35 per share, resulting in the disposition of 1,173 shares.
• Following these transactions, Silberstein directly owns 81,024 shares of Semtech common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track ownership changes.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased number of shares in the market.

Key Dates