Form 4: Semtech Executive John Michael Wilson Reports Stock Transactions
SEC Form 4 Filing
John Michael Wilson, Chief Quality Officer and CTO of Semtech Corp, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On March 7th and 8th, 2025, John Michael Wilson, Chief Quality Officer and CTO of Semtech Corp, reported transactions involving Semtech common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
- On March 7th, 8,496 restricted stock units vested, and 4,315 shares were disposed of at a price of $32.33.
- On March 8th, 4,260 restricted stock units vested, and 2,164 shares were disposed of at a price of $33.5.
- Following these transactions, Wilson directly owns 60,950 shares of Semtech common stock and 16,800 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing detailing stock transactions by an executive, with no inherently positive or negative implications for the company's overall outlook.
Future Outlook
The document outlines future vesting schedules for restricted stock units, indicating continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney granted to Mark Lin. |
| March 7, 2024 | First annual installment vesting date for a grant of restricted stock units. |
| March 8, 2023 | First annual installment vesting date for a grant of restricted stock units. |
| March 6, 2025 | Date of restricted stock unit grant. |
| March 7, 2025 | Transaction date for common stock and restricted stock units. |
| March 8, 2025 | Transaction date for common stock and restricted stock units. |
| March 10, 2025 | Date of Form 4 filing. |
| March 10, 2026 | One third of a grant vests on this date. |
| June 10, 2026 | Remainder of a grant vests in eight quarterly installments beginning on this date. |
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