Mark Lin - Mar 27, 2024 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role
EVP and CFO
Signature
/s/Mark Lin
Stock symbol
SMTC
Transactions as of
Mar 27, 2024
Transactions value $
$0
Form type
4
Date filed
3/29/2024, 01:27 PM
Previous filing
Mar 7, 2024
Next filing
Apr 8, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SMTC Restricted Stock Unit Award $0 +6.41K $0.00 6.41K Mar 27, 2024 Common Stock 6.41K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit represents the contingent right to receive one share of Semtech common stock.
F2 The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2024 that are eligible to vest based on Semtech's attainment of pre-established revenue and non-GAAP operating income targets over a period of one, two and three years, and the satisfaction of a service condition. This transaction represents the determination of the number of units eligible to vest based on the actual achievement of the performance condition with respect to the first year in the performance period. The vesting and payment of the award with respect to the first year in the performance period will occur on January 26, 2025, subject to the satisfaction of the service condition.