Form 4: NXP Semiconductors CEO Kurt Sievers Reports Stock Transactions
SEC Form 4 Filing
NXP Semiconductors CEO Kurt Sievers reported the acquisition and disposal of common stock and restricted stock units on November 1st and 2nd, 2024.
Summary
- On November 1, 2024, Kurt Sievers, CEO and President of NXP Semiconductors N.V., reported transactions involving NXP common stock and restricted stock units.
- Sievers acquired 9,746 shares of common stock through the vesting of restricted stock units at a price of $0.
- He then disposed of 5,022 shares at a price of $234.5.
- On November 2, 2024, Sievers acquired 6,778 shares of common stock through the vesting of restricted stock units at a price of $0.
- He then disposed of 3,493 shares at a price of $238.59.
- Following these transactions, Sievers directly owns 185,898.3363 shares of NXP common stock.
- He also owns 9,748 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive stock transactions and does not inherently convey positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates that performance milestones were likely met.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation. Investors often monitor these transactions for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of normal executive compensation and trading activities.
Key Dates
| Date | Description |
|---|---|
| 11/02/2021 | Grant date for some of the restricted stock units that vested on 11/02/2024, vesting in three equal annual installments. |
| 11/01/2022 | Grant date for some of the restricted stock units that vested on 11/01/2024, vesting in three equal annual installments. |
| 11/01/2024 | Date of reported transactions: acquisition of 9,746 shares via restricted stock unit vesting and disposal of 5,022 shares at $234.5. |
| 11/02/2024 | Date of reported transactions: acquisition of 6,778 shares via restricted stock unit vesting and disposal of 3,493 shares at $238.59. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
| 11/01/2025 | Expiration date of some of the Restricted Stock Units. |
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