Silberstein Asaf 4
4 · SEMTECH CORP · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Semtech (SMTC) COO Asaf Silberstein Receives Awards; Withholds Shares
What Happened
Asaf Silberstein, Executive Vice President and Chief Operating Officer of Semtech (SMTC), received two grants of vested performance stock units totaling 23,138 shares on 2026-03-23 (9,755 and 13,383 shares). To satisfy tax withholding obligations, 11,774 shares were withheld/disposed at $76.52 per share, generating $379,845 and $521,101 respectively (total withheld value = $900,946). These transactions were awards (code A) and tax withholding/dispositions (code F), not open-market purchases.
Key Details
- Transaction date: 2026-03-23; Form filed 2026-03-25 (timely).
- Awards acquired: 9,755 and 13,383 shares (total 23,138) shown at $0.00 acquisition price (performance stock units vesting).
- Shares withheld/disposed for taxes: 4,964 and 6,810 shares (total 11,774) at $76.52 per share; proceeds reported $379,845 and $521,101 (total $900,946).
- Shares owned after the transactions: Not disclosed in the provided filing.
- Footnotes: F1 = FY2026 performance stock units vesting (first year of multi-year performance period); F2 = FY2025 performance stock units vesting (second year). Vesting depends on revenue, non-GAAP operating income, relative TSR, and service conditions.
- Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding/cashless sell-to-cover).
Context
- These were performance-based restricted stock/unit vestings, not purchases — the F transactions represent shares withheld to pay taxes (a common, routine practice).
- Performance stock units vest over multi-year targets; the filing shows partial vesting events for different grant years.
- For retail investors tracking insider trades: awards and tax-withholding disposals are typically administrative and do not necessarily signal a buying or selling decision by the insider.
Insider Transaction Report
Form 4
SEMTECH CORPSMTC
Silberstein Asaf
EVP and COO
Transactions
- Award
Common Stock
[F1]2026-03-23+9,755→ 104,068 total - Tax Payment
Common Stock
2026-03-23$76.52/sh−4,964$379,845→ 99,104 total - Award
Common Stock
[F2]2026-03-23+13,383→ 112,487 total - Tax Payment
Common Stock
2026-03-23$76.52/sh−6,810$521,101→ 105,677 total
Footnotes (2)
- [F1]The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2026 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, Semtech's relative total stockholder return over a period of three years, and the satisfaction of a service condition. The transaction represents the vesting and payment of the award with respect to the first year in the performance period.
- [F2]The reporting person was granted performance stock units by Semtech in Semtech's fiscal year 2025 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, Semtech's relative total stockholder return over a period of three years, and the satisfaction of a service condition. The transaction represents the vesting and payment of the award with respect to the second year in the performance period.
Signature
/s/Asaf Silberstein by Mark Lin under Power of Attorney dated November 5, 2025 (Copy On File)|2026-03-25