Form 4: On Semiconductor Director Susan K. Carter Reports Acquisition of Restricted Stock

Director Susan K. Carter reported the acquisition of 3,083 shares of restricted stock in On Semiconductor Corp on May 16, 2024.

Summary

• On May 17, 2024, Susan K. Carter, a director of On Semiconductor Corp, filed a Form 4 with the SEC.
• The form reports a transaction that occurred on May 16, 2024, where Ms. Carter 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 granted at a price of $0.00 per share.
• The stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.
• Following the transaction, Ms. Carter beneficially owns 18,598 shares of On Semiconductor Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director, indicating alignment with company performance but not necessarily a strong positive or negative signal.

Positives

• The acquisition of restricted stock by a director can be seen as a positive sign, indicating 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

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a common practice in publicly traded companies as part of their compensation packages.
• The vesting schedule tied to the annual meeting is a standard approach to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of restricted stock by a director aligns their interests with those of the shareholders.

Next Steps

• The restricted stock will vest before the next Annual Meeting of Stockholders.

Key Dates