Form 4: On Semiconductor Director Acquires Shares in Lieu of Cash Compensation

Paul Anthony Mascarenas, a director at On Semiconductor, acquired 140 shares of common stock on June 28, 2024, in lieu of a portion of his quarterly cash retainers.

Summary

• On June 28, 2024, Paul Anthony Mascarenas, a director of On Semiconductor Corp, acquired 140 shares of common stock.
• The acquisition was made in lieu of a portion of his quarterly cash retainers for the second quarter of 2024.
• The price per share was $68.55.
• Following the transaction, Mascarenas directly owns 49,069 shares of On Semiconductor Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction related to director compensation. The director taking shares instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future performance.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. This transaction reflects a director's decision to receive equity in lieu of cash, which could be interpreted as a positive signal.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates