Form 4: Semtech SVP and GM, Madhusudhan Rayabhari, Reports Stock Transactions
SEC Form 4
Madhusudhan Rayabhari, SVP and GM of Semtech, reports the acquisition and disposal of Semtech common stock and restricted stock units on March 4th and 5th, 2025.
Summary
- Madhusudhan Rayabhari, a Senior Vice President and General Manager at Semtech Corp, filed a Form 4 detailing changes in beneficial ownership of Semtech stock.
- On March 4, 2025, Rayabhari acquired 3,728 shares and 6,952 shares of common stock, both at a price of $0.
- Also on March 4, 2025, Rayabhari disposed of 4,807 shares of common stock at $35.58 per share.
- On March 5, 2025, Rayabhari acquired 16,133 shares of common stock at $0 and disposed of 6,289 shares at $36.05 per share.
- These transactions involved the vesting of performance stock units and restricted stock units.
- Following these transactions, Rayabhari beneficially owns 48,249 shares of common stock and 32,267 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted stock units vest in three annual installments beginning on March 5, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney granted to Mark Lin. |
| March 4, 2025 | Date of common stock acquisition and disposal transactions. |
| March 5, 2025 | Date of common stock acquisition and disposal transactions, and vesting of restricted stock units. |
| March 5, 2025 | First vesting date of the restricted stock unit grant. |
| March 6, 2025 | Date of signature for the Form 4 filing. |
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