Form 4: Semtech EVP Green's RSU Conversion & New Grant

Semtech's EVP and CCO, Jason Green, converted 10,043 restricted stock units into common stock, sold 2,497 shares for tax, and received a new grant of 11,520 restricted stock units.

Summary

• Jason Green, EVP and CCO of Semtech Corp, converted 10,043 Restricted Stock Units (RSUs) into common stock on March 10, 2026.
• These 10,043 RSUs represented one-third of a larger grant, with the remaining 20,086 RSUs from that grant scheduled to vest in eight quarterly installments starting June 10, 2026.
• Concurrently, Green disposed of 2,497 shares of Semtech common stock at a price of $85.14 per share to cover tax liabilities associated with the RSU conversion.
• Green also received a new grant of 11,520 Restricted Stock Units on March 10, 2026.
• One-third of this new grant is scheduled to vest on March 10, 2027, with the remainder vesting in eight quarterly installments beginning June 10, 2027.
• Following these transactions, Green directly beneficially owns 7,546 shares of common stock and a total of 31,606 derivative securities (RSUs).
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting routine executive compensation and continued alignment through a new RSU grant, balanced by a standard tax-related share disposal.

Positives

• Jason Green received a new grant of 11,520 Restricted Stock Units, indicating continued incentive alignment with company performance.
• The conversion of 10,043 RSUs into common stock demonstrates the vesting of previously awarded equity compensation.

Negatives

• Green disposed of 2,497 shares of common stock, valued at $85.14 per share, to cover tax obligations, which reduces his direct common stock holdings.

Future Outlook

Jason Green's equity compensation includes 20,086 Restricted Stock Units from an older grant, with the remainder vesting in eight quarterly installments starting June 10, 2026. A new grant of 11,520 Restricted Stock Units will see one-third vest on March 10, 2027, and the remainder vest in eight quarterly installments beginning June 10, 2027.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU conversions and tax-related sales, are common occurrences in publicly traded companies, particularly for executives whose compensation packages heavily feature equity. These transactions typically reflect pre-scheduled vesting events and tax planning rather than discretionary trading based on new material information.

Stakeholder Impact

• Shareholders: The new RSU grant aligns executive incentives with shareholder interests. The tax-related sale is a minor dilution event but is standard practice.
• Management: Jason Green's compensation package is being executed as planned, reinforcing his long-term commitment to the company.

Next Steps

• Remaining 20,086 RSUs from the older grant will vest in eight quarterly installments beginning June 10, 2026.
• One-third of the new 11,520 RSU grant will vest on March 10, 2027.
• The remainder of the new 11,520 RSU grant will vest in eight quarterly installments beginning June 10, 2027.

Key Dates

Recommendation

This Form 4 filing details routine executive equity compensation events, including RSU vesting, a tax-related share sale, and a new RSU grant, all executed under a pre-arranged 10b5-1 plan. Such transactions are expected and do not typically signal a change in the company's fundamental outlook or warrant a shift in investment strategy. The new RSU grant reinforces management's long-term alignment with shareholder value. Therefore, a 'hold' recommendation is appropriate as this filing provides no new material information to alter an existing investment thesis.

Keywords

Semtech, SMTC, Jason Green, Insider Trading, Form 4, Restricted Stock Units, RSU, Equity Compensation, Executive Compensation, Stock Vesting, 10b5-1 Plan