Lin Mark 4

What Happened

Mark Lin, Executive Vice President and Chief Financial Officer of Semtech (SMTC), exercised/converted 18,242 stock units into common shares at $0.00 per share on March 5, 2026. To satisfy tax withholding, 8,012 shares were surrendered (valued at $89.75/share, $719,077). Separately, 6,582 shares were sold in an open-market transaction on March 6, 2026 at $83.75/share for $551,243. Net retained from this conversion: 3,648 shares. Combined cash proceeds/withholding related to the transactions total about $1,270,320.

Key Details

• Transaction dates/prices:
  • 2026-03-05: Converted 18,242 units to shares at $0.00 (exercise/conversion).
  • 2026-03-05: 8,012 shares withheld for taxes at $89.75/share = $719,077 (tax withholding).
  • 2026-03-06: 6,582 shares sold open market at $83.75/share = $551,243.
• Net shares retained from this event: 18,242 acquired − 8,012 withheld − 6,582 sold = 3,648 shares.
• Footnotes:
  • Transaction(s) executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Lin on June 23, 2025.
  • Each stock unit represented the contingent right to receive one share; the grant vests in three annual installments beginning March 5, 2025.
• Filing timeliness: Transaction dated 2026-03-05; Form filed 2026-03-09 — filing appears to be within the typical two-business-day reporting window.

Context

• This was an exercise/conversion of equity awards with shares withheld for tax obligations and a partial open-market sale. Withholding and immediate sales to cover taxes are common and do not, by themselves, indicate a change in insider sentiment.
• The presence of a 10b5-1 plan indicates the open-market sale was preplanned under an established trading program.