Semtech CTO exercises 1,400 RSUs into stock
Semtech’s chief quality officer and CTO exercised 1,400 RSUs and used 713 shares to cover the exercise price or tax liability, leaving 8,400 RSUs outstanding.
Rhea-AI Filing Summary
SEMTECH CORP (SMTC) reports that Chief Quality Officer and CTO John Michael Wilson exercised 1,400 Restricted Stock Units into 1,400 shares of common stock on September 10, 2026. In a related transaction, 713 common shares were delivered or withheld at $163.94 per share to pay the exercise price or tax liability, and 8,400 Restricted Stock Units remain outstanding. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,400 shares exercised/converted
Exercise
3 txns
Insider
WILSON JOHN MICHAEL
Role
Chief Quality Officer and CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 1,400 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,400 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 713 | $163.94 | $117K |
Holdings After Transaction:
Restricted Stock Unit — 8,400 contracts (Direct);
Common Stock — 81,563 shares (Direct)
Footnotes (2)
- F1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
- F2. One third of this grant vested on March 10, 2026 and the remainder of this grant vests in eight quarterly installments beginning on June 10, 2026.
Key Figures
RSUs Exercised: 1,400 units
Common Shares Acquired from RSU Exercise: 1,400 shares
Shares Delivered or Withheld: 713 shares
+4 more
7 metrics
RSUs Exercised
1,400 units
Restricted Stock Units converted to common stock on September 10, 2026
Common Shares Acquired from RSU Exercise
1,400 shares
Shares of Semtech common stock received on September 10, 2026
Shares Delivered or Withheld
713 shares
Common shares used for payment of exercise price or tax liability
Price per Share for Tax/Exercise Withholding
$163.94 per share
Shares delivered or withheld to pay exercise price or tax liability
RSUs Remaining After Transaction
8,400 units
Restricted Stock Units directly held following the RSU exercise
RSU Vesting Start (One Third)
March 10, 2026
Date when one third of the RSU grant vested
RSU Quarterly Vesting Commencement
June 10, 2026
Start of eight quarterly vesting installments for remaining RSUs
Key Terms
Restricted Stock Unit, exercise price or tax liability, Rule 10b5-1, derivative security
4 terms
Restricted Stock Unit financial
"The security titled Restricted Stock Unit was exercised into Common Stock."
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.
exercise price or tax liability financial
"Shares were delivered or withheld for payment of exercise price or tax liability."
Rule 10b5-1 regulatory
"The Rule 10b5-1 trading plan checkbox is not marked as affirmative."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
derivative security financial
"The RSU transaction is reported as an exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Semtech (SMTC) executive John Michael Wilson report on this Form 4?
He exercised 1,400 Restricted Stock Units into common stock on September 10, 2026, and in a related transaction 713 shares of common stock were delivered or withheld to pay the exercise price or tax liability, leaving 8,400 RSUs outstanding.
How many Semtech (SMTC) RSUs did the executive convert to common stock?
John Michael Wilson converted 1,400 Restricted Stock Units into 1,400 shares of Semtech common stock on September 10, 2026, through an exercise or conversion of a derivative security.
How many Restricted Stock Units does the Semtech (SMTC) executive still hold?
After the reported RSU exercise, John Michael Wilson holds 8,400 Restricted Stock Units directly, each representing the contingent right to receive one share of Semtech common stock, subject to the vesting schedule disclosed.
Were the Semtech (SMTC) insider transactions made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating that these transactions were made under a Rule 10b5-1 trading plan.
What is the vesting schedule for the Semtech (SMTC) RSU grant mentioned?
One third of the RSU grant vested on March 10, 2026, and the remainder vests in eight quarterly installments beginning on June 10, 2026, as disclosed in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
