Lin Mark 4

What Happened

• Mark Lin, Semtech's Executive Vice President and Chief Financial Officer, had performance awards vest and converted/received equity on March 10, 2026, and completed open-market sales March 10–11, 2026.
• Transactions reported: he acquired (from exercises/conversions and grants) a total of ~37,603 shares (includes stock units/derivative items) and disposed/withheld ~27,033 shares. Reported cash amounts from share disposals (including tax-withholding shares and open-market sales) total about $1,525,603.
• The activity is primarily award vesting/conversion with shares withheld to cover taxes and some open-market sales—this is routine compensation settlement plus planned sales, not an outright new purchase.

Key Details

• Dates & prices:
  • Mar 10, 2026: exercise/conversion (M) 9,393 shares @ $0.00; grant/award (A) 12,658 shares @ $0.00; tax-withholding disposals (F) 4,780 @ $85.14 ($406,969) and 6,218 @ $87.58 ($544,572); open-market sale (S) 2,734 @ $85.27 ($233,128).
  • Mar 11, 2026: open-market sale (S) 3,908 @ $87.24 ($340,934).
  • Filing also shows derivative entries: a 9,393-share derivative disposition and a 15,552-share derivative acquisition on Mar 10 (these relate to PSU settlement/stock-unit conversion).
• Total proceeds/value from disposed shares reported ≈ $1.53M (includes tax-withholding share disposition and open-market sales).
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes:
  • F1: These were performance stock units (PSUs) from FY2024; the transaction reflects payment/vesting for the third year of the performance period.
  • F2: Some open-market sales executed pursuant to a Rule 10b5-1 trading plan adopted June 23, 2025.
  • F3: Each stock unit equals the contingent right to one share of Semtech common stock.
  • F4/F5: Vesting schedule details — one-third vests on March 10, 2026 (or March 10, 2027 for the other grant) with remaining shares vesting in quarterly installments thereafter.
• Filing was submitted March 12, 2026 for transactions on March 10–11, 2026 (within the typical 2-business-day Form 4 reporting window).

Context

• These entries reflect PSU vesting/settlement and associated tax-withholding and planned sales. Tax-withholding disposals (code F) are routine: shares are surrendered/withheld to cover tax obligations from the vesting event.
• Open-market sales (code S) were executed under a pre-established 10b5-1 plan (code F2), indicating they were pre-planned trades rather than ad-hoc sales.
• For retail investors: this filing shows executive compensation being paid out and partially monetized; it is not a straightforward "buy" signal. Purchases generally carry stronger signals of insider confidence than routine vesting and plan-driven sales.