Form 4: Semtech VP William Ross Gray Reports Stock Transactions
SEC Form 4 Filing
William Ross Gray, a VP at Semtech Corp, reported the vesting and subsequent disposal of restricted stock units on March 7, 2024.
Summary
- On March 7, 2024, William Ross Gray, a VP at Semtech Corp, reported transactions involving Semtech common stock.
- These transactions included the vesting of 2,124 restricted stock units and the disposal of 1,076 shares to cover tax obligations.
- Following these transactions, Gray directly owns 2,779 shares of common stock and 4,248 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity, which is closely monitored for compliance and potential insights into management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Date of Power of Attorney for Mark Lin to sign on behalf of William Ross Gray |
| March 7, 2024 | Date of the reported stock transactions, including vesting and disposal of shares |
| March 7, 2024 | First vesting date of the restricted stock unit grant. |
| March 11, 2024 | Date of signature for the Form 4 filing |
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