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

Paul Anthony Mascarenas, a director at On Semiconductor, acquired 160 shares of common stock in lieu of a portion of his fourth-quarter cash retainer.

Summary

• Paul Anthony Mascarenas, a director at On Semiconductor, acquired 160 shares of common stock on December 20, 2024.
• These shares were received in lieu of a portion of his cash retainer for the fourth quarter of 2024.
• The shares were acquired at a price of $65.5 per share.
• Following this transaction, Mr. Mascarenas's total holdings of On Semiconductor common stock is 49,370 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment as it shows a director's continued investment in the company.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of shares in lieu of cash retainer can be seen as a cost-effective way for the company to compensate its directors.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation practices of On Semiconductor.

Comparison to Industry Standards

• Many publicly traded companies use stock-based compensation for directors and executives.
• The practice of issuing shares in lieu of cash retainers is a common method of aligning the interests of directors with those of shareholders.
• The specific amount of shares and the price are within the typical range for director compensation at similar companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

On Semiconductor, Director, Share Acquisition, Form 4, Stock, Equity, Insider Trading