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

Paul Anthony Mascarenas, a director at On Semiconductor, acquired 141 shares of common stock on September 27, 2024, in lieu of a portion of his quarterly cash retainer.

Summary

• On September 27, 2024, Paul Anthony Mascarenas, a director of On Semiconductor Corp, acquired 141 shares of common stock.
• The acquisition was made in lieu of a portion of his quarterly cash retainer for the third quarter of 2024.
• The price per share was $74.39.
• Following the transaction, Mascarenas directly owns 49,210 shares of On Semiconductor Corp.
• The transaction was reported on September 30, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Positives

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

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. This transaction reflects a director's decision to receive equity in lieu of cash compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it involves a small number of shares.

Key Dates