Semtech Corp (SMTC) CEO exercises 8,129 RSUs, 4,137 shares withheld for taxes
Rhea-AI Filing Summary
Semtech Corp President and CEO Hou Hong Q exercised 8,129 Restricted Stock Units on June 10, 2026, converting them into the same number of shares of common stock at no cash cost. Of these, 4,137 common shares were disposed of as a tax-withholding transaction at $157.52 per share.
After these transactions, Hou Hong Q directly holds 73,220 shares of Semtech common stock. Each stock unit represents the contingent right to receive one Semtech common share, and one third of the underlying grant vested on March 10, 2026, with the remainder vesting in eight quarterly installments beginning June 10, 2026. These transactions were not reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,992 shares
Net Buy
3 txns
Insider
HOU HONG Q
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 8,129 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,129 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,137 | $157.52 | $652K |
Holdings After Transaction:
Restricted Stock Unit — 56,905 shares (Direct);
Common Stock — 73,220 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: 8,129 units
Shares Withheld for Taxes: 4,137 shares
Tax Withholding Price: $157.52 per share
+1 more
4 metrics
RSUs Exercised
8,129 units
Restricted Stock Units converted to common stock on June 10, 2026
Shares Withheld for Taxes
4,137 shares
Common shares withheld at $157.52 per share on June 10, 2026
Tax Withholding Price
$157.52 per share
Price used for tax-withholding disposition of common stock
Post-transaction Common Shares Held
73,220 shares
Direct ownership of Semtech common stock after reported transactions
Key Terms
Restricted Stock Unit, tax-withholding disposition, Rule 10b5-1
3 terms
Restricted Stock Unit financial
"Hou Hong Q exercised 8,129 Restricted Stock Units, converting them 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.
tax-withholding disposition financial
"4,137 common shares were disposed of in a tax-withholding disposition at $157.52 per share."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 10b5-1 financial
"These transactions were not reported under a Rule 10b5-1 trading plan."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Semtech (SMTC) report for Hou Hong Q?
Hou Hong Q exercised 8,129 RSUs and had 4,137 shares withheld for taxes. The RSUs converted into common stock at no cash cost, and part of the resulting shares were used to satisfy tax obligations at $157.52 per share.
What was the size of the RSU conversion reported for Semtech (SMTC)?
8,129 Restricted Stock Units were exercised and converted into common shares. Each RSU represents the right to receive one Semtech common share, so the exercise increased common stock through this equity compensation vesting event.
Were Semtech (SMTC) CEO Hou Hong Q’s transactions under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox for these transactions was not marked as affirmative. Based on the filing data, the RSU exercise and tax-withholding share disposition were not reported as occurring under a pre-arranged trading plan.
What is the vesting schedule of the RSUs involved for Semtech (SMTC)?
One third of the grant vested on March 10, 2026, with the rest in eight quarterly installments from June 10, 2026. These vesting events govern when the Restricted Stock Units convert into common shares.