4/A: Semtech SVP Mark Russell Corrects Stock Grant Details in Amended SEC Filing

Semtech SVP Mark Russell files an amended SEC Form 4/A to correct a clerical error in the number of restricted stock units granted on March 5, 2024.

Summary

• Mark Russell, SVP of Semtech Corp, filed an amended Form 4/A with the SEC on May 10, 2024.
• This amendment corrects the original Form 4 filed on March 7, 2024.
• The correction pertains to the number of restricted stock units (RSUs) granted on March 5, 2024.
• The error was due to a clerical mistake in the original calculation of the award.
• The corrected filing shows a grant of 37,905 restricted stock units.
• These RSUs vest in three annual installments starting March 5, 2025.
• Each stock unit is equivalent to one share of Semtech common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in an SEC filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects attention to detail and compliance.

Future Outlook

The restricted stock units will vest in three annual installments beginning on March 5, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of Semtech's senior management.

Stakeholder Impact

• The correction of the stock grant details ensures accurate reporting to shareholders.

Key Dates