4/A: Semtech SVP Madhusudhan Rayabhari Amends Form 4 to Correct Stock Grant Calculation

Semtech SVP Madhusudhan Rayabhari files an amended Form 4 to correct a clerical error in the original calculation of restricted stock units granted on March 5, 2024.

Summary

• Madhusudhan Rayabhari, SVP and GM of Semtech Corp, filed an amended Form 4 with the SEC.
• The amendment, filed on May 10, 2024, corrects a clerical error in the original calculation of restricted stock units granted on March 5, 2024.
• The corrected filing shows a grant of 48,400 restricted stock units.
• These units vest in three annual installments beginning on March 5, 2025.
• Each stock unit 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 developments for the company, but transparency is generally viewed favorably.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding executive incentives and alignment with shareholder interests.

Stakeholder Impact

• The correction of the stock grant calculation ensures accurate reporting to shareholders.
• The vesting schedule of the restricted stock units incentivizes the executive to remain with the company.

Key Dates