WILSON JOHN MICHAEL 4

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.