SMTC.NASDAQSemtech CORP

4/A: Semtech SVP William Ross Gray Amends Form 4 to Correct Restricted Stock Grant

Sentiment:

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Semtech SVP William Ross Gray filed an amended Form 4 to correct a clerical error in the original calculation of a restricted stock unit award granted on March 5, 2024.

Summary

  • William Ross Gray, SVP 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.
  • The corrected filing restates the number of shares of restricted stock granted on March 5, 2024.
  • Gray was granted 33,931 restricted stock units on March 5, 2024, which vest in three annual installments beginning March 5, 2025.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing amendment, indicating standard corporate governance practices. The correction of an error is neutral to slightly positive, as it demonstrates attention to detail and compliance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments, like this one, are sometimes necessary to correct errors and ensure accuracy.

Stakeholder Impact

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

Key Dates

DateDescription
October 6, 2023Date of Power of Attorney granted to Mark Lin.
March 5, 2024Date of the restricted stock unit grant.
March 5, 2025First vesting date for the restricted stock units.
March 7, 2024Date of original Form 4 filing.
May 10, 2024Date of amended Form 4/A filing.

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