Semtech director granted 1,180 restricted stock units
Burvill Martin reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Burvill Martin reported acquisition or exercise transactions in this Form 4 filing.
SEMTECH CORP director Martin Burvill received a grant of 1,180 restricted stock units. These units give him the right to receive an equal number of Semtech common shares at settlement, with no cash paid for the award.
The stock units vest on the earlier of the one-year anniversary of the award or the day immediately before the first annual stockholder meeting after the grant, and are payable in shares. Burvill has elected to defer settlement of these units under the Semtech Corporation Director Deferred Compensation Plan, making this a routine, compensation-related equity award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,180 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each stock unit represents the contingent right to receive one share of Semtech common stock.
- F2. 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.
Key Figures
Key Terms
Restricted Stock Unit financial
contingent right financial
Director Deferred Compensation Plan financial
FAQ
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What did Semtech (SMTC) director Martin Burvill report on this Form 4?
Is the Semtech (SMTC) Form 4 transaction an open-market buy or sell?
How do the 1,180 Semtech (SMTC) restricted stock units for Martin Burvill vest?
Did Martin Burvill defer his Semtech (SMTC) restricted stock unit award?
How many Semtech (SMTC) stock units does Martin Burvill hold after this grant?
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