Semtech (SMTC) director Paula LuPriore receives 1,180 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LuPriore Paula reported acquisition or exercise transactions in this Form 4 filing.
SEMTECH CORP director Paula LuPriore received an equity award of 1,180 restricted stock units (RSUs). Each unit represents the right to receive one share of Semtech common stock. The RSUs vest on the earlier of one year after the grant or the day before the first annual stockholders’ meeting following the grant.
The award is payable in shares, and LuPriore has elected to defer settlement of these stock units under the Semtech Corporation Director Deferred Compensation Plan. This is a compensation-related, non‑market transaction rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LuPriore Paula
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,180 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,180 shares (Direct, null)
Footnotes (1)
- Each stock unit represents the contingent right to receive one share of Semtech common stock. The stock units vest on the earlier of the one year anniversary of the award and the day immediately preceding the date of the first annual meeting of stockholders following the grant and are payable in shares. The reporting person has elected to defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan.
Key Figures
RSUs granted: 1,180 units
Price per RSU: $0.00 per unit
Units after transaction: 1,180 units
+1 more
4 metrics
RSUs granted
1,180 units
Restricted Stock Unit award to director Paula LuPriore
Price per RSU
$0.00 per unit
Grant/award acquisition, compensation-related
Units after transaction
1,180 units
Total derivative holdings from this award following transaction
Underlying shares
1,180 shares
Each unit equals one share of Semtech common stock
Key Terms
Restricted Stock Unit, contingent right to receive one share, vest, Director Deferred Compensation Plan
4 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest financial
"The stock units vest on the earlier of the one year anniversary of the award"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Director Deferred Compensation Plan financial
"defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan"
FAQ
What insider transaction did Semtech (SMTC) director Paula LuPriore report?
Paula LuPriore reported receiving 1,180 restricted stock units as a director equity award. These RSUs are a form of stock-based compensation, not an open-market purchase or sale, and convert into Semtech common shares when they settle after vesting.
When do Paula LuPriore’s Semtech (SMTC) RSUs vest?
The RSUs vest on the earlier of one year after the award date or the day immediately before the first annual meeting of stockholders following the grant. This time-based vesting schedule aligns the director’s compensation with ongoing board service and shareholder events.
Did Paula LuPriore buy or sell Semtech (SMTC) stock in the market?
No open-market trade occurred in this filing. LuPriore received 1,180 restricted stock units as a grant at a stated price of $0.00 per unit, reflecting stock-based compensation rather than a discretionary purchase or sale on the public market.