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Semtech (SMTC) director granted 1,180 RSUs and converts 5,321 units to shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Semtech director Rodolpho C. Cardenuto reported equity compensation activity. He received a grant of 1,180 restricted stock units (RSUs) on June 4, 2026, each representing the right to receive one share of Semtech common stock, with vesting tied to the next annual meeting cycle and settlement deferred under the Director Deferred Compensation Plan.

On June 3, 2026, 5,321 RSUs fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders and were exercised, converting into 5,321 shares of common stock. No shares were sold in these transactions, and his resulting direct holdings include 5,321 common shares and 1,180 RSUs.

Positive

  • None.

Negative

  • None.
Insider Cardenuto Rodolpho C
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 1,180 $0.00 --
Exercise Restricted Stock Unit 5,321 $0.00 --
Exercise Common Stock 5,321 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 1,180 shares (Direct, null); Common Stock — 5,321 shares (Direct, null)
Footnotes (1)
  1. Each stock unit represents the contingent right to receive one share of Semtech common stock. This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders. 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.
RSU grant 1,180 units Restricted Stock Units granted on June 4, 2026
RSUs exercised 5,321 units RSUs converted into common stock on June 3, 2026
Shares after exercise 5,321 shares Common stock directly held following RSU conversion
RSUs after grant 1,180 units Total RSUs directly held after new award
Exercise events 1 transaction Exercise or conversion of derivative security in filing
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.
Annual Meeting of Stockholders financial
"This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders."
Director Deferred Compensation Plan financial
"The reporting person has elected to defer settlement of the stock units pursuant to the Semtech Corporation Director Deferred Compensation Plan."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cardenuto Rodolpho C
(Last)(First)(Middle)
200 FLYNN RD.
(Street)
CAMARILLO CALIFORNIA 93012
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SEMTECH CORP [ SMTC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/03/2026M5,321A$05,321D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)06/03/2026M5,321 (2) (2)Common Stock5,321$00D
Restricted Stock Unit(1)06/04/2026A1,180 (3) (3)Common Stock1,180$01,180D
Explanation of Responses:
1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
2. This RSU award fully vested on the day immediately preceding the 2026 Annual Meeting of Stockholders.
3. 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.
Remarks:
/s/Rodolpho C Cardenuto by Mark Lin under Power of Attorney dated October 6, 2023 (Copy On File)06/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Semtech (SMTC) director Rodolpho C. Cardenuto report?

Director Rodolpho C. Cardenuto reported an RSU grant of 1,180 units and the exercise of 5,321 RSUs into common stock. These transactions are equity compensation-related, with no open-market share purchases or sales disclosed in this filing.

How many restricted stock units did Semtech (SMTC) grant to director Cardenuto?

Semtech granted Rodolpho C. Cardenuto 1,180 restricted stock units. Each unit represents the contingent right to receive one share of Semtech common stock, with vesting linked to the company’s next annual meeting cycle and payout deferred under a director compensation plan.

What happened to the 5,321 Semtech (SMTC) restricted stock units in Cardenuto’s Form 4?

A block of 5,321 restricted stock units fully vested immediately before the 2026 Annual Meeting of Stockholders and was exercised into 5,321 common shares. This represents a conversion of prior equity awards, not an open-market purchase or sale.

Did Semtech (SMTC) director Cardenuto sell any shares in this Form 4 filing?

He did not report any share sales. The filing shows an RSU grant and the exercise of 5,321 RSUs into common stock, with no open-market dispositions. These actions increase his direct equity exposure to Semtech rather than reduce it.

What are the vesting terms of the new Semtech (SMTC) RSU grant to Cardenuto?

The new RSUs vest on the earlier of one year from the award date or the day immediately before the first annual stockholders’ meeting following the grant. Settlement is in shares, with payment deferred under the Semtech Corporation Director Deferred Compensation Plan.

How many Semtech (SMTC) shares does Cardenuto hold after these transactions?

After the transactions, Cardenuto directly holds 5,321 shares of Semtech common stock and 1,180 RSUs. The RSUs represent additional contingent rights to receive shares, reflecting ongoing director equity compensation rather than trading activity.