Lin Mark 4
4 · SEMTECH CORP · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Semtech (SMTC) CFO Mark Lin Sells Shares, Receives Awards
What Happened
Mark Lin, Executive Vice President and Chief Financial Officer of Semtech (SMTC), had performance stock units vest and received 30,870 shares on March 23, 2026, and concurrently surrendered/sold a portion to cover tax obligations and made an additional open-market sale. Total disposed were 24,696 shares for proceeds of approximately $1,876,235 (about $1.88M). The largest single transaction was an open-market sale of 9,186 shares on March 24, 2026 for $75.05/share ($689,409). The awards were granted at $0 cost (performance-based shares).
Key Details
- Awards received (acquisitions, code A on Form 4): 9,394; 13,736; and 7,740 shares (total = 30,870 shares) on 2026-03-23 (vested PSUs, no cash cost).
- Dispositions on 2026-03-23: 4,780 shares @ $76.52 (to cover tax liability) = $365,766; 6,882 shares @ $76.52 = $526,611; 3,848 shares @ $76.52 (disposition to issuer) = $294,449.
- Open-market sale on 2026-03-24: 9,186 shares @ $75.05 = $689,409 (pursuant to a Rule 10b5-1 trading plan).
- Total disposed: 24,696 shares for ~$1,876,235.
- Footnotes: F1–F3 = the shares were performance stock units (PSUs) granted in FY2024–FY2026 that vested according to performance/service conditions; F4 = the March 24 sale was under a Rule 10b5-1 plan adopted June 23, 2025.
- Shares owned after these transactions: not specified in the provided excerpt.
- Filing: Form 4 filed 2026-03-25 covering transactions on 2026-03-23–24 (appears timely).
Context
These were mostly vesting/award events (PSUs converting to shares) with routine share disposals to satisfy tax withholding and a preplanned open-market sale. Awards are acquisitions (not cash purchases) and the open-market sale was executed under a 10b5-1 plan (pre-established trading program). Such tax-related dispositions and scheduled 10b5-1 sales are common and do not by themselves indicate management’s short‑term market view.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-23+9,394→ 35,930 total - Tax Payment
Common Stock
2026-03-23$76.52/sh−4,780$365,766→ 31,150 total - Award
Common Stock
[F2]2026-03-23+13,736→ 44,886 total - Tax Payment
Common Stock
2026-03-23$76.52/sh−6,882$526,611→ 38,004 total - Award
Common Stock
[F3]2026-03-23+7,740→ 45,744 total - Disposition to Issuer
Common Stock
2026-03-23$76.52/sh−3,848$294,449→ 41,896 total - Sale
Common Stock
[F4]2026-03-24$75.05/sh−9,186$689,409→ 32,710 total
Footnotes (4)
- [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.
- [F3]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. This transaction represents the payment and vesting of the awards with respect to the third year in the performance period.
- [F4]This transaction is pursuant to a Rule 10b5-1 trading plan adopted by Mr. Lin on June 23, 2025.