Form 4: NXP Semiconductors CEO Kurt Sievers Reports Stock Transactions
SEC Form 4
NXP Semiconductors CEO Kurt Sievers reports acquisition and disposal of company stock and restricted stock units.
Summary
- On November 7, 2024, Kurt Sievers, CEO and President of NXP Semiconductors, reported the acquisition of 8,288 shares of common stock upon vesting of restricted stock units.
- Also on November 7, 2024, Sievers disposed of 4,271 shares of common stock at a price of $231.38.
- On November 11, 2024, Sievers acquired 36,209 shares of common stock.
- On November 11, 2024, Sievers disposed of 18,657 shares of common stock at a price of $233.89.
- Following these transactions, Sievers directly owns 207,467.3363 shares of NXP Semiconductors.
- Sievers also owns 16,578 restricted stock units, each representing the right to receive one share of common stock, vesting in three equal annual installments starting November 7, 2023.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/02/2021 | Date of original grant of performance stock unit award. |
| 11/07/2023 | First vesting date of restricted stock units. |
| 11/01/2024 | Conclusion of the three-year performance period for performance stock units. |
| 11/07/2024 | Acquisition of 8,288 shares of common stock upon vesting of restricted stock units; disposal of 4,271 shares of common stock at $231.38. |
| 11/11/2024 | Acquisition of 36,209 shares of common stock; disposal of 18,657 shares of common stock at $233.89. |
| 11/12/2024 | Date of signature of the Form 4 filing. |
| 11/07/2026 | Expiration date of restricted stock units. |
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