4/A: NXP Semiconductors Executive Corrects Stock Transaction Filing After Tax Withholding Error

An NXP Semiconductors executive, Andrew Micallef, filed an amended Form 4 to correct a clerical error in a previous filing regarding the number of shares withheld for tax purposes.

Summary

• Andrew Micallef, an EVP and Chief Operating Officer at NXP Semiconductors, filed an amended Form 4 (Form 4/A) to correct a previous filing.
• The original Form 4, filed on November 12, 2024, contained a clerical error regarding the number of shares withheld for tax obligations.
• The corrected filing shows that 2,091 shares of common stock were disposed of at a price of $233.89 per share to cover tax liabilities.
• Following this transaction, Micallef beneficially owns 9,828 shares of NXP Semiconductors common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing, indicating no significant positive or negative sentiment. The correction is a standard procedure and does not reflect any change in the company's performance or outlook.

Industry Context

This filing is a routine disclosure related to executive stock transactions and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this correction is not unusual.
• Similar filings are made by executives at companies like Texas Instruments (TXN), Analog Devices (ADI), and Qualcomm (QCOM) when they engage in stock transactions.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders regarding executive stock transactions.

Key Dates

Keywords

NXP Semiconductors, Form 4, SEC Filing, Stock Transaction, Beneficial Ownership, Tax Withholding, Andrew Micallef, Executive Compensation