HOU HONG Q 4

What Happened

• Semtech CEO and Director Hou Hong Q had performance stock units vest and be paid out on March 23, 2026. Hou was credited with two award transactions totaling 59,859 shares (32,517 and 27,342) at $0.00 (awards). To satisfy tax obligations, 30,457 shares (16,545 and 13,912) were surrendered/disposed at $76.52 per share, resulting in withholding amounts of $1,266,023 and $1,064,546 respectively (total withheld ≈ $2,330,569). These were awards vesting and tax-withholding events rather than open-market purchases or discretionary sales.

Key Details

• Dates & prices: All transactions occurred on 2026-03-23; awards reported at $0.00; withholding disposals at $76.52/share.
• Award totals: 59,859 performance shares granted/paid (32,517 + 27,342).
• Withheld/disposed totals: 30,457 shares surrendered (16,545 + 13,912) for taxes, totaling ≈ $2,330,569.
• Footnotes: F1 = FY2026 performance stock units vesting (payment for first year of performance period). F2 = FY2025 performance stock units vesting (payment for second year). Vesting depends on revenue and non-GAAP operating income targets, relative TSR, and service conditions.
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Reported on 2026-03-25 for transactions on 2026-03-23 (filed within the typical 2-business-day reporting window).

Context

• These were performance-based equity awards that vested and were paid in shares; the disposals were routine tax-withholding (share surrender) to cover tax liabilities, not open-market sales expressing a trading view. Awards like these are compensation-related and do not by themselves indicate the insider’s buy/sell sentiment.