Madhusudhan Rayabhari - 08 Mar 2022 Form 4 Insider Report for SEMTECH CORP (SMTC)

Role: VP and GM
Signature: s/Madhusudhan Rayabhari by Charles B. Ammann under Power of Attorney dated November 23, 2020 (Copy On File)
Issuer symbol: SMTC
Transactions as of: 08 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 10 Mar 2022, 18:24:09 UTC
Previous filing: 24 Aug 2021
Next filing: 11 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMTC	Common Stock	Award	$0	+819	+6.6%	$0.000000	13,280	08 Mar 2022	Direct	F1

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	+12,780		$0.000000	12,780	08 Mar 2022	SMTC	12,780		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2022 that are eligible to vest based on Semtech's relative total stockholder return over a period of one, two and three years. This transaction represents the payment and vesting of the awards with respect to the first year in the performance period.
F2	Each stock unit is the economic equivalent of one share of Semtech common stock.
F3	This grant vests in three annual installments beginning on March 8, 2023.
F4	This grant vests in three annual installments beginning on March 8, 2023.