Form 4: On Semiconductor Director Atsushi Abe Reports Stock Transactions
SEC Form 4 Filing
Director Atsushi Abe reports acquisition and disposal of On Semiconductor (ON) stock, including shares withheld for taxes and restricted stock grants.
Summary
- On May 15, 2024, Director Atsushi Abe disposed of 245 shares of On Semiconductor common stock at a price of $74.74 per share to cover taxes due upon the vesting of restricted stock.
- On May 16, 2024, Abe acquired 3,083 shares of restricted stock under the Issuer's Amended and Restated Stock Incentive Plan.
- Following these transactions, Abe beneficially owns 176,886 shares of On Semiconductor common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine stock transactions related to compensation and tax obligations.
Positives
- Abe's acquisition of 3,083 shares of restricted stock signals confidence in the company's future performance.
Future Outlook
The restricted stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Abe disposed of 245 shares to cover taxes. |
| 05/16/2024 | Abe acquired 3,083 shares of restricted stock. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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