LuPriore Paula 4

What Happened Paula LuPriore, a director of Semtech Corporation (SMTC), was granted 1,180 stock units on 2026-06-04. The grant is reported as a derivative award (transaction code A) at $0.00 per unit; the filing reports these as contingent stock units rather than immediate share purchases. LuPriore elected to defer settlement of the units under the Semtech Director Deferred Compensation Plan.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely).
• Amount acquired: 1,180 stock units (derivative award) at $0.00.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Each stock unit is a contingent right to receive one share of Semtech common stock.
  • F2: Units vest on the earlier of one year after grant or the day before the first annual meeting following the grant, are payable in shares, and the reporting person elected to defer settlement under the Director Deferred Compensation Plan.
• Transaction type: Award/grant (not an open-market purchase or sale).

Context These stock units are a director compensation award and represent contingent rights to future shares rather than immediate equity ownership. Because settlement is deferred and vesting is time/condition-based, this grant should be viewed as routine director compensation rather than a direct market signal.