Form 4: ON Semiconductor Director Acquires Restricted Stock

ON Semiconductor Corp. Director Thomas Deitrich acquired 1,986 shares of common stock through a restricted stock grant on May 14, 2026, with vesting tied to the company's next Annual Meeting of Stockholders.

Summary

• Director Thomas Deitrich was granted 1,986 shares of ON Semiconductor Corp. common stock on May 14, 2026.
• This grant was made under the Issuer's Amended and Restated Stock Incentive Plan.
• The restricted stock is set to vest on the day prior to the Issuer's next Annual Meeting of Stockholders.
• Following this transaction, Deitrich beneficially owns 26,060 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on a routine equity grant to a director rather than significant financial performance or strategic shifts.

Positives

• Director receives restricted stock, indicating continued alignment with company performance.
• The grant is part of an established incentive plan, suggesting a structured approach to executive compensation.

Risks

• Vesting is contingent on the date of the next Annual Meeting of Stockholders, introducing a degree of uncertainty regarding the exact vesting date.
• The value of the restricted stock is subject to market fluctuations until vesting.

Future Outlook

The restricted stock granted will vest on the day prior to the Issuer's next Annual Meeting of Stockholders, indicating a future event that will determine the realization of this equity award.

Industry Context

StockSavvy.ai notes that restricted stock grants are a common form of long-term incentive compensation in the semiconductor industry, designed to retain key executives and align their interests with shareholders.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director reinforces alignment of management interests with shareholder value creation.
• Employees: The filing is part of standard disclosure requirements and does not directly impact general employees.

Next Steps

• Vesting of restricted stock on the day prior to ON Semiconductor's next Annual Meeting of Stockholders.

Key Dates

Keywords

ON Semiconductor, ON, Form 4, SEC Filing, Director, Restricted Stock, Stock Incentive Plan, Beneficial Ownership, Securities Exchange Act