Form 4: On Semiconductor Director Alan Campbell Reports Acquisition of Restricted Stock

Director Alan Campbell reported acquiring 3,083 shares of restricted stock in On Semiconductor Corp on May 16, 2024.

Summary

• On May 17, 2024, Alan Campbell, a director of ON Semiconductor Corp, filed a Form 4 with the SEC.
• The report details a transaction on May 16, 2024, where Campbell acquired 3,083 shares of common stock.
• These shares were granted as restricted stock under the Issuer's Amended and Restated Stock Incentive Plan.
• The restricted stock was acquired at a price of $0.00 per share.
• Following the transaction, Campbell directly owns 95,006 shares of ON Semiconductor Corp.
• The stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring restricted stock is generally a good sign, indicating confidence in the company's future. The size of the acquisition is not large enough to significantly impact the stock price.

Positives

• The acquisition of restricted stock by a director signals confidence in the company's future performance.
• The stock incentive plan aligns the director's interests with those of the shareholders.

Future Outlook

The vesting of the restricted stock is tied to the company's next Annual Meeting of Stockholders, incentivizing the director to contribute to the company's success until then.

Industry Context

Directors receiving stock grants is a common practice in the semiconductor industry to align management's interests with shareholders and incentivize long-term growth.

Comparison to Industry Standards

• Stock grants to directors are a typical component of executive compensation packages in the semiconductor industry.
• Companies like Texas Instruments and Intel also use stock grants as part of their compensation strategy to align director and shareholder interests.
• The size of the grant is relatively small compared to the overall holdings of the director.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively, as it aligns the director's interests with their own.
• Employees may see this as a sign of confidence in the company's future.

Next Steps

• The restricted stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.

Key Dates