Form 4: NXP Semiconductors EVP & CFO William Betz Reports Stock Transactions
SEC Form 4
William Betz, EVP & CFO of NXP Semiconductors N.V., reports transactions involving common stock and restricted stock units.
Summary
- On November 1, 2024, William Betz exercised restricted stock units, acquiring 1,811 shares of common stock and disposing of 691 shares to cover tax obligations.
- Following these transactions, he directly owns 2,639.8396 shares of common stock.
- On November 2, 2024, Betz exercised another set of restricted stock units, acquiring 1,211 shares of common stock and disposing of 477 shares to cover tax obligations.
- Following these transactions, he directly owns 3,373.8396 shares of common stock.
- The restricted stock units vest in three equal annual installments based on the anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 11/02/2021 | Grant date anniversary for restricted stock units vesting in three equal annual installments. |
| 11/01/2022 | Grant date anniversary for restricted stock units vesting in three equal annual installments. |
| 11/01/2024 | Date of transaction involving the exercise of restricted stock units and disposal of shares for tax obligations. |
| 11/02/2024 | Date of transaction involving the exercise of restricted stock units and disposal of shares for tax obligations. |
| 11/05/2024 | Date of signature for the Form 4 filing. |
| 11/01/2025 | Expiration date for restricted stock units. |
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