WILSON JOHN MICHAEL 4
4 · SEMTECH CORP · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Semtech (SMTC) CTO John M. Wilson Receives Award; Shares Withheld
What Happened
John Michael Wilson, Semtech’s Chief Quality Officer and CTO, had performance-based awards vest and related derivatives converted on March 10, 2026. The filing shows grants/awards and conversions totaling multiple share issuances (including 6,950 and 9,792 stock units granted, and a 5,600-share derivative conversion), and the surrender of 6,387 shares to cover tax withholding, with cash value reported at $242,649 and $309,770 for the two withholding events (aggregate ~$552,419).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within the usual 2-business-day window).
- Grants/awards recorded (code A): 6,950 shares and 9,792 shares (stock units).
- Derivative exercise/conversion (code M): 5,600 shares acquired/converted (reported as derivative).
- Tax withholding (code F): 2,850 shares surrendered at $85.14 ($242,649) and 3,537 shares surrendered at $87.58 ($309,770); total surrendered = 6,387 shares, ~$552,419.
- Shares owned after transaction: not provided in the supplied filing data.
- Footnotes: These were performance stock units (PSUs) from Semtech’s FY2024 that vested based on relative total stockholder return (the reported transactions reflect the third-year vesting/payment). Each unit equals the right to one share. Vesting schedules noted in the filing indicate staggered future vesting for remaining portions.
Context
- This transaction is a vesting/payment of performance awards and conversions of related derivatives, not an open-market buy or sale for cash. The surrendered shares were used to satisfy tax withholding (a common, routine settlement method).
- Such award vestings reflect compensation realizations rather than an insider purchasing or selling shares to express a market view.
Insider Transaction Report
Form 4
SEMTECH CORPSMTC
WILSON JOHN MICHAEL
Chief Quality Officer and CTO
Transactions
- Exercise/Conversion
Common Stock
2026-03-10+5,600→ 77,402 total - Tax Payment
Common Stock
2026-03-10$85.14/sh−2,850$242,649→ 74,552 total - Award
Common Stock
[F1]2026-03-10+6,950→ 81,502 total - Tax Payment
Common Stock
2026-03-10$87.58/sh−3,537$309,770→ 77,965 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3]2026-03-10−5,600→ 11,200 total→ Common Stock (5,600 underlying) - Award
Restricted Stock Unit
[F2][F4]2026-03-10+9,792→ 9,792 total→ Common Stock (9,792 underlying)
Footnotes (4)
- [F1]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 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 third year in the performance period.
- [F2]Each stock unit represents the contingent right to receive one share of Semtech common stock.
- [F3]One third of this grant vests on March 10, 2026 and the remainder of this grant vests in eight quarterly installments beginning on June 10, 2026.
- [F4]One third of this grant vests on March 10, 2027 and the remainder of this grant vests in eight quarterly installments beginning on June 10, 2027.
Signature
/s/J.Michael Wilson by Mark Lin under Power of Attorney dated October 16, 2025 (Copy on File)|2026-03-12