Form 4: On Semiconductor CEO Hassane El-Khoury Reports Stock Transactions

On Semiconductor CEO Hassane El-Khoury reports acquisition of shares through restricted stock units and disposition of shares to cover taxes.

Summary

• On Semiconductor CEO Hassane El-Khoury reported transactions involving the company's stock on February 21, 2025.
• He acquired 92,970 shares of common stock through time-based restricted stock units at a price of $0.00.
• He disposed of 11,649 shares and 11,898 shares of common stock to cover taxes due upon the vesting of restricted stock units at a price of $54.05.
• Following these transactions, El-Khoury beneficially owns 992,559 shares of On Semiconductor common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine stock transactions related to executive compensation.

Positives

• The acquisition of shares through restricted stock units indicates confidence in the company's future performance.

Negatives

• The sale of shares to cover taxes, while routine, slightly reduces the CEO's holdings.

Future Outlook

The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, contingent upon continued employment.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

ON Semiconductor, Hassane El-Khoury, stock transactions, Form 4, restricted stock units, beneficial ownership, CEO