Semtech director receives RSUs, exercises units
SEMTECH CORP director Gregory Michael Fischer reported equity compensation and an option-like exercise, not any open-market trading.
Rhea-AI Filing Summary
SEMTECH CORP director Gregory Michael Fischer reported equity compensation and an option-like exercise, not any open-market trading. He received a grant of 1,180 Restricted Stock Units (RSUs), each representing the right to one share of Semtech common stock. Separately, 5,321 RSUs were exercised into 5,321 shares of common stock, fully settling that RSU award. Following these transactions, he directly holds 7,178 shares of Semtech common stock. Footnotes explain that RSU awards vest around the company’s annual meeting of stockholders and are payable in shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,321 shares exercised/converted
Exercise
3 txns
Insider
Fischer Gregory Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,180 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 5,321 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,321 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 1,180 contracts (Direct);
Common Stock — 7,178 shares (Direct)
Footnotes (3)
- F1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
- F2. This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders.
- F3. 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.
Key Figures
RSU grant: 1,180 units
RSUs exercised: 5,321 units
Shares received from exercise: 5,321 shares
+2 more
5 metrics
RSU grant
1,180 units
Restricted Stock Units granted to director
RSUs exercised
5,321 units
RSUs converted into common stock
Shares received from exercise
5,321 shares
Common stock from RSU conversion
Shares held after transactions
7,178 shares
Director’s direct common stock holdings post-transaction
Transaction price per share (RSUs)
$0.00
Grant and exercise price for RSUs
Key Terms
Restricted Stock Unit, contingent right, Annual Meeting of Stockholders, vest
4 terms
Restricted Stock Unit financial
"The filing lists "Restricted Stock Unit" as the security title for two transactions."
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.
contingent right financial
"Each stock unit represents the contingent right to receive one share of Semtech common stock."
Annual Meeting of Stockholders financial
"This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders."
vest financial
"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."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SEMTECH CORP (SMTC) director Gregory Michael Fischer report?
Gregory Michael Fischer reported equity compensation transactions, not open-market trades. He received a grant of 1,180 Restricted Stock Units and exercised 5,321 RSUs into 5,321 shares of Semtech common stock, increasing his direct shareholdings as part of his board compensation.
What Restricted Stock Unit (RSU) grants did SEMTECH CORP (SMTC) disclose for Gregory Michael Fischer?
Semtech disclosed a grant of 1,180 Restricted Stock Units to director Gregory Michael Fischer. Each stock unit represents the contingent right to receive one share of Semtech common stock, vesting based on the company’s standard RSU schedule tied to its annual meeting of stockholders.
How do SEMTECH CORP (SMTC) RSUs for directors vest according to this filing?
The filing states that certain RSU awards vest on the earlier of one year after the grant date or immediately before the first annual meeting of stockholders following the grant. Vested stock units are payable in shares of Semtech common stock upon settlement.
What happened to the 5,321 SEMTECH CORP (SMTC) Restricted Stock Units reported with code M?
The 5,321 Restricted Stock Units reported with transaction code M were exercised or converted into 5,321 shares of Semtech common stock. After this conversion, the balance of those RSUs dropped to zero, indicating the underlying derivative position was fully settled.
AI-generated analysis. How Rhea-AI works. Not financial advice.
