Lin Mark 4

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.