Form 4: On Semiconductor Director Lampe-Onnerud Receives Stock Grant

Christina Lampe-Onnerud, a director at On Semiconductor, received a grant of 3,083 shares of restricted stock on May 16, 2024.

Summary

• Christina Lampe-Onnerud, a director of On Semiconductor Corp, reported a transaction on May 16, 2024.
• She acquired 3,083 shares of common stock through a grant.
• The price per share was $0.00.
• Following the transaction, Lampe-Onnerud beneficially owns 4,684 shares of On Semiconductor.
• The grant represents restricted stock under the Issuer's Amended and Restated Stock Incentive Plan.
• The stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding a stock grant, indicating a neutral sentiment.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.

Industry Context

Stock grants to directors are a common practice to incentivize and align their interests with the long-term performance of the company. This is a standard form 4 filing related to that activity.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Next Steps

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

Key Dates