Form 4: On Semiconductor Director Acquires Restricted Stock Units

Paul Anthony Mascarenas, a director of On Semiconductor, acquired 5,054 restricted stock units on May 15, 2025, under the company's stock incentive plan.

Summary

• On May 15, 2025, Paul Anthony Mascarenas, a director at On Semiconductor Corp, acquired 5,054 restricted stock units.
• These units were granted under the Issuer's Amended and Restated Stock Incentive Plan.
• The award will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.
• The issuance of shares underlying the award will be deferred to a later date based on the Reporting Person's election.
• Following the transaction, Mascarenas beneficially owns 54,734 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's increased stake in the company, aligning interests with shareholders. It's a routine transaction, but indicates confidence.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The award will vest on the day prior to the Issuer's next Annual Meeting of Stockholders, with share issuance deferred to a later date.

Industry Context

This is a routine disclosure of stock-based compensation for a company director, a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders.
• The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.

Next Steps

• The restricted stock units will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.
• The shares underlying the award will be issued at a later date according to the Reporting Person's election.

Key Dates

Keywords

On Semiconductor, Director, Restricted Stock Units, Stock Incentive Plan, Beneficial Ownership, Form 4