Semtech (SMTC) director receives 1,180 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Burvill Martin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,180 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,180 shares (Direct, null)
Footnotes (1)
- Each stock unit represents the contingent right to receive one share of Semtech common stock. 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
RSUs granted: 1,180 units
Grant price: $0.0000 per unit
Underlying shares: 1,180 shares
+1 more
4 metrics
RSUs granted
1,180 units
Restricted Stock Unit award to director on June 4, 2026
Grant price
$0.0000 per unit
No cash paid for RSU award
Underlying shares
1,180 shares
Common stock deliverable upon RSU settlement
Holdings after grant
1,180 units
Total restricted stock units following transaction
Key Terms
Restricted Stock Unit, contingent right, Director Deferred Compensation Plan
3 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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"
Director Deferred Compensation Plan financial
"pursuant to the Semtech Corporation Director Deferred Compensation Plan"
FAQ
What did Semtech (SMTC) director Martin Burvill report on this Form 4?
Martin Burvill reported receiving a grant of 1,180 restricted stock units as director compensation. Each unit represents a right to one share of Semtech common stock, with no purchase price, and will ultimately be settled in shares subject to vesting conditions.
Is the Semtech (SMTC) Form 4 transaction an open-market buy or sell?
The transaction is not an open-market buy or sell. It is a grant of 1,180 restricted stock units as compensation, recorded with transaction code “A” for an award, and classified as an acquisition of derivative securities rather than a traded stock purchase or sale.
How do the 1,180 Semtech (SMTC) restricted stock units for Martin Burvill vest?
The 1,180 restricted stock units vest on the earlier of the one-year anniversary of the award or the day immediately before the first annual meeting of stockholders after the grant. Once vested, they are payable in shares of Semtech common stock to the reporting person.
Did Martin Burvill defer his Semtech (SMTC) restricted stock unit award?
Yes. The filing states that Burvill elected to defer settlement of the restricted stock units under the Semtech Corporation Director Deferred Compensation Plan. This means the shares underlying the 1,180 units will be delivered later, according to that plan’s terms after vesting.
How many Semtech (SMTC) stock units does Martin Burvill hold after this grant?
After the reported grant, Burvill holds 1,180 restricted stock units, according to the Form 4. Each unit corresponds to one share of Semtech common stock, so this filing reflects his full reported position in these stock units following the award.