Form 4: On Semiconductor CEO Hassane El-Khoury Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Hassane El-Khoury reports the withholding of shares to cover taxes upon the vesting of restricted stock units and performance-based restricted stock units.
Summary
- On February 11, 2025, Hassane El-Khoury, CEO & President and Director of ON Semiconductor Corp, reported changes in beneficial ownership.
- 10,752 common shares were disposed of at a price of $47.93 to cover taxes due upon the vesting of restricted stock units.
- 19,829 common shares were disposed of at a price of $47.93 to cover taxes due upon the vesting of performance-based restricted stock units.
- Following these transactions, El-Khoury directly owns 923,136 common shares.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of stock transactions related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to tax obligations from vested stock units.
Key Dates
| Date | Description |
|---|---|
| 02/11/2025 | Date of the transactions involving the disposal of common stock. |
| 02/12/2025 | Date of signature for the report. |
Keywords
Beneficial Ownership, Form 4, ON Semiconductor, El-Khoury, Stock, Shares, Vesting, Taxes
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