4/A: Semtech Executive John Michael Wilson Amends Form 4 to Correct Restricted Stock Unit Award
SEC Filing
John Michael Wilson, Chief Quality Officer and CTO of Semtech Corp, files an amended Form 4 to correct the number of restricted stock units granted on March 5, 2024.
Summary
- John Michael Wilson, Chief Quality Officer and CTO of Semtech Corp, filed an amended Form 4 (Form 4/A) with the SEC.
- The amendment corrects a clerical error in the original calculation of a restricted stock unit (RSU) award granted on March 5, 2024.
- The corrected filing shows that Wilson was granted 37,154 restricted stock units, vesting in three annual installments beginning March 5, 2025.
- Each RSU is the economic equivalent of 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 significant positive or negative sentiment, but accuracy in reporting is always viewed favorably.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are a routine part of corporate governance and regulatory compliance.
Stakeholder Impact
- Accurate reporting of executive compensation is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 10/06/2023 | Date of Power of Attorney granted to Mark Lin. |
| 03/05/2024 | Date of the original transaction (grant of restricted stock units). |
| 03/05/2024 | Date of 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 the amended Form 4/A filing. |
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