Semtech COO converts 2,439 RSUs into stock
Semtech’s EVP and COO reported routine RSU vesting into common stock with shares withheld for taxes and substantial additional holdings through a Family Trust.
Rhea-AI Filing Summary
SEMTECH CORP (SMTC) reported that EVP and COO Asaf Silberstein converted 2,439 Restricted Stock Units into the same number of shares of common stock on September 10, 2026 as part of an equity award vesting schedule. Shares represent stock units that each carry a contingent right to one Semtech share. In a related move that day, 1,241 common shares were delivered or withheld to cover the exercise price or tax liability at $163.94 per share. Following the RSU conversion, Silberstein held 14,633 common shares directly and 88,862 shares indirectly through a Family Trust. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,439 shares exercised/converted
Exercise
4 txns
Insider
Silberstein Asaf
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 2,439 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,439 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,241 | $163.94 | $203K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 14,633 contracts (Direct);
Common Stock — 1,198 shares (Direct);
Common Stock — 88,862 shares (Indirect, by Family Trust)
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
Restricted Stock Units converted: 2,439 units
Common shares acquired from RSU conversion: 2,439 shares
Shares delivered or withheld for exercise price or tax liability: 1,241 shares
+5 more
8 metrics
Restricted Stock Units converted
2,439 units
Converted into common stock on September 10, 2026
Common shares acquired from RSU conversion
2,439 shares
Shares of Semtech common stock received on September 10, 2026
Shares delivered or withheld for exercise price or tax liability
1,241 shares
Common stock used at $163.94 per share on September 10, 2026
Per-share value for tax or exercise payment
$163.94 per share
Value applied to 1,241 shares delivered or withheld
Direct common stock holdings after RSU conversion
14,633 shares
Directly held by Asaf Silberstein following the conversion on September 10, 2026
Indirect holdings through Family Trust
88,862 shares
Common stock held indirectly by a Family Trust associated with Asaf Silberstein
Initial vesting portion of grant
One third
Vested on March 10, 2026
Remaining vesting installments
8 quarterly installments
Beginning on June 10, 2026
Key Terms
Restricted Stock Unit, contingent right, Family Trust
3 terms
Restricted Stock Unit financial
"Each stock unit represents the contingent right to receive one share of Semtech 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.
contingent right financial
"Each stock unit represents the contingent right to receive one share of Semtech common stock."
Family Trust financial
"Common Stock held indirectly by Family Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did Semtech (SMTC) report for EVP and COO Asaf Silberstein?
EVP and COO Asaf Silberstein converted 2,439 Restricted Stock Units into 2,439 common shares of Semtech on September 10, 2026, as part of an equity award vesting schedule, and related shares were delivered or withheld to cover the exercise price or tax liability.
What are Asaf Silberstein’s direct Semtech (SMTC) holdings after the September 10, 2026 RSU conversion?
Following the conversion of 2,439 Restricted Stock Units into common stock on September 10, 2026, Asaf Silberstein held 14,633 shares of Semtech common stock directly, in addition to separate indirect holdings through a Family Trust.
Were Semtech (SMTC) EVP and COO Asaf Silberstein’s transactions under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with the September 10, 2026 equity award conversion and related share withholding transactions for Asaf Silberstein.
What is the vesting schedule for the Semtech (SMTC) RSUs involved in this Form 4?
The filing explains that one third of the grant vested on March 10, 2026, and the remainder vests in eight quarterly installments beginning on June 10, 2026, creating ongoing vesting of additional Restricted Stock Units over time.
What does each Restricted Stock Unit reported by Semtech (SMTC) represent?
According to the footnotes, each stock unit represents the contingent right to receive one share of Semtech common stock, meaning every vested Restricted Stock Unit may convert into a single share when it settles.
AI-generated analysis. How Rhea-AI works. Not financial advice.
